bankruptcy

English

Etymology

From bankrupt +‎ -cy, replacing earlier bankruptship.

Pronunciation

  • (UK) IPA(key): /ˈbæŋ.kɹʌp(t).si/
    • Audio (Southern England):(file)
  • (US, Canada) IPA(key): /ˈbæŋk.ɹʌp(t).si/, [ˈbɛːŋk.ɹʌp(t).si]
  • (General Australian) IPA(key): /ˈbæŋ.kɹɐp(t).si/, /ˈbæŋ.kɹap(t).si/

Noun

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.

Derived terms

Translations

See also