Associations to the word «Bankruptcy»

Wiktionary

BANKRUPTCY, noun. A legally declared or recognized condition of insolvency of a person or organization.

Dictionary definition

BANKRUPTCY, noun. A state of complete lack of some abstract property; "spiritual bankruptcy"; "moral bankruptcy"; "intellectual bankruptcy".
BANKRUPTCY, noun. 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".
BANKRUPTCY, noun. A legal process intended to insure equality among the creditors of a corporation declared to be insolvent.

Wise words

Words are always getting conventionalized to some secondary meaning. It is one of the works of poetry to take the truants in custody and bring them back to their right senses.
William Butler Yeats