Definition of Bankruptcy
Bankruptcy
bank·rupt·cy
Definition/Meaning
(noun)
the state or quality of being legally declared as unable to pay one's pending debts;
e.g. She had to file for bankruptcy after losing her job.
(noun)
a state of utterly failing in some way or being completely lacking in some value or quality;
e.g. He had the moral bankruptcy to refuse to help them.
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