bankruptcy

英 ['bæŋkrʌptsɪ] 美['bæŋkrʌptsi]

• n. 破产

1. a state of complete lack of some abstract property;

"spiritual bankruptcy"

"moral bankruptcy"

"intellectual bankruptcy"

2. 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"

3. a legal process intended to insure equality among the creditors of a corporation declared in bankruptcy