bankruptcy - Definition from the BUSINESS topic - BUSINESS

Topic: BUSINESS

bankruptcy
noun

bank‧rupt‧cy See pronunciation table in "How to use dictionary" pages

See pronunciation table in "How to use dictionary" pages

plural bankruptcies

1 [uncountable and countable]B the state of being unable to pay your debts [= insolvency]:

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In 1999 it was revealed that he was close to bankruptcy.

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When inflation rises, so do bankruptcies.

2 [uncountable] a total lack of a particular good quality:

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the moral bankruptcy of terrorism

Definition of bankruptcy from the Longman Dictionary of Contemporary English within
the topic BUSINESS

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