Definisjon av bankruptcy

Vi fant 6 definisjoner av bankruptcy på engelsk.

WordNet

Noun
bankruptcy - inability to discharge all your debts as they come due; "the company had to declare bankruptcy"; "fraudulent loans led to the failure of many banks"
		failure
		insolvency the lack of financial resources
bankruptcy - a legal process intended to insure equality among the creditors of a corporation declared to be insolvent
		legal proceeding, proceeding, proceedings (law) the institution of a sequence of steps by which legal judgments are invoked
bankruptcy - a state of complete lack of some abstract property; "spiritual bankruptcy"; "moral bankruptcy"; "intellectual bankruptcy"

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Substantiv
bankruptcy - A legally declared or recognized condition of insolvency of a person or organization.

Bankruptcy is a legally declared inability or impairment of ability of an individual or organization to pay its creditors. Creditors may file a bankruptcy petition against a business or corporate debtor ("involuntary bankruptcy") in an effort to recoup a portion of what they are owed or initiate a restructuring. In the majority of cases, however, bankruptcy is initiated by the debtor (a "voluntary bankruptcy" that is filed by the insolvent individual or organization).

bankruptcy
A legally declared inability of an individual or organisation to pay their creditors.

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