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bankruptcy

From Wiktionary, the free dictionary

English

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Etymology

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From bankrupt +‎ -cy, replacing earlier bankruptship.

Pronunciation

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Noun

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bankruptcy (countable and uncountable, plural bankruptcies)

  1. (finance, law) A legally declared or recognized condition of insolvency of a person or organization.
    The company ended up filing for bankruptcy.
    • 1956 May, “Transport in Ulster”, in Railway Magazine, page 279:
      He declared that these drastic steps would undoubtedly inconvenience a good many people, but the alternative was bankruptcy of the Ulster Transport Authority and the breakdown of public transport services.
    • 1994, M. Lindsey Kaplan, Katherine Eggert, ““Good queen, my lord, good queen” - Sexual Slander and the Trials of Female Authority in “The Winter's Tale””, in Renaissance Drama‎[1], volume 25, →DOI, page 89 of 89–118:
      [T]he form of and redress for defamation are, for the most part, gendered. Imputations of bankruptcy, for example, which could have damaged a merchant and thus were actionable for a man, would probably have had little effect if directed toward a woman. In contrast, allegations of whoredom—which, while occasionally leveled at men, were not usually thought to injure male reputations—were overwhelmingly cited by women in the slander suits they brought.
  2. (card games) a rule in Tycoon where if the top player does not get first place that round, they instantly get last place

Derived terms

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Translations

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See also

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