Noun Definition


1.Definition: a legal process intended to insure equality among the creditors of a corporation declared to be insolvent

Category: General

2.Definition: a state of complete lack of some abstract property

"Spiritual bankruptcy", "Moral bankruptcy", "Intellectual bankruptcy"

Category: General

3.Definition: 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"

Related Noun(s):failure

Category: General