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bankruptcy
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English Dictionary: bankruptcy by the DICT Development Group
2 results for bankruptcy
From WordNet (r) 3.0 (2006) [wn]:
bankruptcy
n
  1. a state of complete lack of some abstract property; "spiritual bankruptcy"; "moral bankruptcy"; "intellectual bankruptcy"
  2. inability to discharge all your debts as they come due; "the company had to declare bankruptcy"; "fraudulent loans led to the failure of many banks"
    Synonym(s): bankruptcy, failure
  3. a legal process intended to insure equality among the creditors of a corporation declared to be insolvent
From Webster's Revised Unabridged Dictionary (1913) [web1913]:
   Bankruptcy \Bank"rupt*cy\, n.; pl. {Bankruptcies}([?]).
      1. The state of being actually or legally bankrupt.
  
      2. The act or process of becoming a bankrupt.
  
      3. Complete loss; -- followed by of.
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