Definition of bankruptcy in English:

bankruptcy

Line breaks: bank|rupt¦cy
Pronunciation: /ˈbaŋkrʌptsi
 
/

noun (plural bankruptcies)

[mass noun]
  • 1The state of being bankrupt: many companies were facing bankruptcy [count noun]: a 7% increase in bankruptcies
    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.
    Synonyms
    insolvency, liquidation, failure, (financial) ruin, ruination, debt, indebtedness; penury, beggary; British administration, receivership
    rare pauperdom
  • 2The state of being completely lacking in a particular good quality: the intellectual bankruptcy of the corporate media
    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!

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