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bank·rupt·cy

bankruptcy

 
 
pronunciation:
baeng krp si
features:
Word Parts
part of speech: noun
inflections: bankruptcies
definition 1: the legal inability to pay debts.
Her business declared bankruptcy and closed down.
See a movie for this meaning
 
definition 2: a condition of utter failure, ruin, or lack.
Many societies have crumbled from moral bankruptcy.
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