bankruptcy
pronunciation
How to pronounce bankruptcy in British English:
UK [ˈbæŋkrʌptsi]
How to pronounce bankruptcy in American English:
US [ˈbæŋkrʌptsi]
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- Noun:
- a state of complete lack of some abstract property
- inability to discharge all your debts as they come due
- a legal process intended to insure equality among the creditors of a corporation declared in bankruptcy
Word Origin
- bankruptcy (n.)
- 1700, from bankrupt, "probably on the analogy of insolvency, but with -t erroneously retained in spelling, instead of being merged in the suffix ...." [OED]. Figurative use from 1761.
Example
- 1. So do bankruptcy laws that provide priority for derivatives .
- 2. Cuba is close to bankruptcy .
- 3. Sino-forest filed for bankruptcy protection .
- 4. It has filed for bankruptcy protection .
- 5. Opel is a classic bankruptcy .