Bankruptcy: meaning, definitions and examples

๐Ÿ’ธ
Add to dictionary

bankruptcy

 

[ หˆbรฆล‹krษ™ptsi ]

Noun
Context #1 | Noun

legal process

Bankruptcy is a legal process through which individuals or businesses that cannot repay their debts to creditors may seek relief from some or all of their debts. It is often initiated by the debtor.

Synonyms

default, insolvency, liquidation

Examples of usage

  • After years of financial struggle, the company had no choice but to file for bankruptcy.
  • Personal bankruptcy can have long-lasting effects on an individual's credit score.
Context #2 | Noun

financial status

Bankruptcy refers to the state of being completely lacking in a particular quality or value. It can also mean the state of having been declared bankrupt.

Synonyms

bankrupt state, insolvency, ruin

Examples of usage

  • The bankruptcy of the company led to widespread job losses.
  • His bankruptcy of ideas left him unable to come up with a solution.

Translations

Translations of the word "bankruptcy" in other languages:

๐Ÿ‡ต๐Ÿ‡น falรชncia

๐Ÿ‡ฎ๐Ÿ‡ณ เคฆเคฟเคตเคพเคฒเคฟเคฏเคพเคชเคจ

๐Ÿ‡ฉ๐Ÿ‡ช Bankrott

๐Ÿ‡ฎ๐Ÿ‡ฉ kebangkrutan

๐Ÿ‡บ๐Ÿ‡ฆ ะฑะฐะฝะบั€ัƒั‚ัั‚ะฒะพ

๐Ÿ‡ต๐Ÿ‡ฑ bankructwo

๐Ÿ‡ฏ๐Ÿ‡ต ็ ด็”ฃ (ใฏใ•ใ‚“)

๐Ÿ‡ซ๐Ÿ‡ท faillite

๐Ÿ‡ช๐Ÿ‡ธ quiebra

๐Ÿ‡น๐Ÿ‡ท iflas

๐Ÿ‡ฐ๐Ÿ‡ท ํŒŒ์‚ฐ (็ ด็”ฃ)

๐Ÿ‡ธ๐Ÿ‡ฆ ุฅูู„ุงุณ

๐Ÿ‡จ๐Ÿ‡ฟ bankrot

๐Ÿ‡ธ๐Ÿ‡ฐ bankrot

๐Ÿ‡จ๐Ÿ‡ณ ็ ดไบง (pรฒchวŽn)

๐Ÿ‡ธ๐Ÿ‡ฎ steฤaj

๐Ÿ‡ฎ๐Ÿ‡ธ gjaldรพrot

๐Ÿ‡ฐ๐Ÿ‡ฟ ะฑะฐะฝะบั€ะพั‚ั‚ั‹า›

๐Ÿ‡ฌ๐Ÿ‡ช แƒ’แƒแƒ›แƒแƒชแƒฎแƒแƒ“แƒ”แƒ‘แƒ

๐Ÿ‡ฆ๐Ÿ‡ฟ mรผflislik

๐Ÿ‡ฒ๐Ÿ‡ฝ quiebra

Etymology

The word 'bankruptcy' originates from the Italian word 'banca rotta', meaning 'broken bench'. In ancient times, Italian moneylenders conducted their business sitting at benches. When a moneylender could no longer pay his debts, his bench was physically broken as a symbol of his insolvency. The concept of bankruptcy has evolved over centuries to become the legal process we know today.

See also: bankrupting.

Word Frequency Rank

With rank #4,752, this word represents useful upper-intermediate vocabulary. Understanding and using it will help you express more complex ideas effectively.