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Bankruptcy

Related Terms:

Definitions:

Noun

bankruptcy

Definition: a state of complete lack of some abstract property; "spiritual bankruptcy"; "moral bankruptcy"; "intellectual bankruptcy"

bankruptcy failure

Definition: 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

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

Definition: A legally declared or recognized condition of insolvency of a person or organization.

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