1. Noun
The state of being actually or legally bankrupt.
2. Noun
The act or process of becoming a bankrupt.
3. Noun
Complete loss; -- followed by of.
4. Noun
A legal process for individuals or businesses unable to repay debts.
5. Noun
a legal process intended to insure equality among the creditors of a corporation declared to be insolvent
Vocabulary classified under Law
6. Noun
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"
Vocabulary classified under Environmental science
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