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bankruptcy noun
/ˈbæŋ.krəpt .si/ n legal Definition
•
[C or U] a situation in which a business or a person becomes bankruptThe company was forced into bankruptcy.
The toll of bankruptcies was rising daily.
•
[U] when an important quality or influence is completely absent moral bankruptcy
(Definition of bankruptcy noun from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)
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