| Library / English Dictionary |
BANKRUPTCY
| Pronunciation (US): |  | (GB): | |
I. (noun)
Sense 1
Meaning:
A legal process intended to insure equality among the creditors of a corporation declared to be insolvent
Classified under:
Nouns denoting acts or actions
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)
Sense 2
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)
Sense 3
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)
