Longman Dictionary of Contemporary English homepage

bankruptcy

noun
     
Related topics: Business
bank‧rupt‧cy plural bankruptcies
1 [uncountable and countable]B the state of being unable to pay your debts [= insolvency]:
In 1999 it was revealed that he was close to bankruptcy.
When inflation rises, so do bankruptcies.
2 [uncountable] a total lack of a particular good quality:
the moral bankruptcy of terrorism

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