bankruptcy

Noun
  1. A state of complete lack of some abstract property (synset 114502268)
    "spiritual bankruptcy"; "moral bankruptcy"; "intellectual bankruptcy"
  2. Inability to discharge all your debts as they come due (synset 114502017)
    "the company had to declare bankruptcy"; "fraudulent loans led to the failure of many banks"
  3. A legal process intended to insure equality among the creditors of a corporation declared to be insolvent (synset 101188887)

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