BANKRUPTCY

Pronunciation (US): (GB):

Meaning:

A legal process intended to insure equality among the creditors of a corporation declared to be insolvent

Classified under:

Hypernyms ("bankruptcy" is a kind of...):

legal proceeding; proceeding; proceedings ((law) the institution of a sequence of steps by which legal judgments are invoked)

Domain category:

jurisprudence; law (the collection of rules imposed by authority)

Meaning:

Inability to discharge all your debts as they come due

Example:

fraudulent loans led to the failure of many banks

Synonyms:

bankruptcy; failure

Classified under:

Nouns denoting stable states of affairs

Hypernyms ("bankruptcy" is a kind of...):

insolvency (the lack of financial resources)

Derivation:

bankrupt (reduce to bankruptcy)

Meaning:

A state of complete lack of some abstract property

Example:

intellectual bankruptcy

Classified under:

Nouns denoting stable states of affairs

Hypernyms ("bankruptcy" is a kind of...):

failure (lack of success)