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Bankruptcy
01
a situation in which a person or business is unable to pay due debts
Grammatical Information
Animacy status
Abstract
Composition
Compound
Countable
Plural form
bankruptcies
Examples
The company declared bankruptcy after years of financial losses.
02
a state of complete lack of some abstract property
03
a legal process intended to insure equality among the creditors of a corporation declared to be insolvent
