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Bankruptcy
Language:
English
Pronunciation:
bank-ruptcy
Part of Speech:
noun
Defined Definitions
DictionaryAPI
A legally declared or recognized condition of insolvency of a person or organization.
User Defined Definitions
"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 to be insolvent"
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