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bankruptcy
has definitions from the fields of law,finance
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[ noun ] (finance) inability to discharge all your debts as they come due
Synonyms Examples "the company had to declare bankruptcy" "fraudulent loans led to the failure of many banks" Used in print (Gene Caesar, Rifle for Rent....)But to the cattlemen who had been facing bankruptcy from rustling losses and to the cowboys who had been faced with lay-offs a_few years earlier , he was becoming a vastly different type of legendary figure . Related terms |
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[ noun ] a state of complete lack of some abstract property
Examples "spiritual bankruptcy" "moral bankruptcy" "intellectual bankruptcy" Used in print (William C. Smith, "Why Fear Ideas?"...)But what a super Herculean task it is to winnow anything of value from the mud_beplastered arguments used so freely , particularly since such common use is made of cliches and stereotypes , in themselves declarations of intellectual bankruptcy . Related terms |
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[ noun ] (law) a legal process intended to insure equality among the creditors of a corporation declared in bankruptcy
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