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“bankruptcy”
1. A person or organization that is legally declared incapable of paying is financially owed to another person or group.
2. A lack of resources; the complete lack of a particular quality; especially, good or ethical qualities; moral bankruptcy.
2. A lack of resources; the complete lack of a particular quality; especially, good or ethical qualities; moral bankruptcy.
Word Entries at Get Words:
“bankruptcy”
The inability to pay one's debts or legal insolvency: The little firm decided to file for bankruptcy because it didn't have enough money to pay its bills anymore.
This entry is located in the following unit:
Economical, Business, and Financial Terms +
(page 2)