SkyfireDict

bankruptcy   (TTS Sound)

The noun bankruptcy has 3 senses

• bankruptcy -- (a state of complete lack of some abstract property; "spiritual bankruptcy"; "moral bankruptcy"; "intellectual bankruptcy")


• bankruptcy, failure -- (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")


• bankruptcy -- (a legal process intended to insure equality among the creditors of a corporation declared to be insolvent)