Definition of bankruptcy in English:

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Pronunciation: /ˈbaNGkˌrəp(t)sē/

noun (plural bankruptcies)

1The state of being bankrupt: many companies were facing bankruptcy a series of bankruptcies and scandals [as modifier]: bankruptcy proceedings
More example sentences
  • During a recession, the increase in bankruptcies and the fall in asset prices shrink the asset bases of the banks.
  • The Enterprise Bill will help to reduce the stigma associated with honest failures, including bad-luck bankruptcies.
  • Most of the bankruptcies stemmed from excess debt and other problems exacerbated by the slowdown.
insolvency, liquidation, failure, ruin, financial ruin, collapse, receivership
2The state of being completely lacking in a particular quality or value: the moral bankruptcy of turning away desperate people
More example sentences
  • Her literary debut, The Grass Is Singing, exposed the moral bankruptcy of the white settler culture.
  • This type of moral and epistemic bankruptcy is now entrenched in the corporation's output.
  • The demons of hell are having a celebration, cheering the moral bankruptcy of our generation!

For editors and proofreaders

Syllabification: bank·rupt·cy

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