bankruptcy
USBANGK-rupt-see/ˈbæŋk.ɹʌp(t).si/SayBANG-krupt-seeUK/ˈbæŋ.kɹʌp(t).si/AUS/ˈbæŋ.kɹɐp(t).si/
Pluralbankruptcies
- 1A legal state where a person or business cannot pay what they owe.
Like running out of money in a game and asking a judge to step in and sort out what happens next.
After the shop lost all its customers, the owner had to declare bankruptcy.
The company avoided bankruptcy by selling two of its buildings.
Similarinsolvency
Oppositesolvency
Note
Use it in a sentence
Write your own sentence with bankruptcy, and AI will tell you whether it fits and which meaning you used.
Origin
It comes from the word "bankrupt" plus the ending "-cy". It replaced an older word, "bankruptship".