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Definitions and Synonyms of bankruptcy | Another word for bankruptcy | What is bankruptcy?

Definition 1: a legal process intended to insure equality among the creditors of a corporation declared to be insolvent - [noun denoting act]

(bankruptcy is a kind of ...) (law) the institution of a sequence of steps by which legal judgments are invoked

(bankruptcy belongs to category ...) the collection of rules imposed by authority

"civilization presupposes respect for the law" "the great problem for jurisprudence to allow freedom while enforcing order"

Definition 2: inability to discharge all your debts as they come due - [noun denoting state]

Samples where bankruptcy or its synonyms are used according to this definition

  • the company had to declare bankruptcy
  • fraudulent loans led to the failure of many banks

Synonyms for bankruptcy in the sense of this definition

(bankruptcy is a kind of ...) the lack of financial resources

Definition 3: a state of complete lack of some abstract property - [noun denoting state]

Samples where bankruptcy or its synonyms are used according to this definition

  • spiritual bankruptcy
  • moral bankruptcy
  • intellectual bankruptcy

(bankruptcy is a kind of ...) lack of success

"he felt that his entire life had been a failure" "that year there was a crop failure"

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