Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “act of bankruptcy”

act of bankruptcy

noun [C]
 
 
LAW an action by someone who owes money that may give people they owe money to a reason to ask a court to say that they are bankrupt (= legally unable to pay what they owe and forced to give up control of their finances): This Agreement may be terminated if the other party commits any act of bankruptcy or has a receiving order made against it.
(Definition of act of bankruptcy from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of act of bankruptcy?
Add Cambridge dictionaries to your browser to your website

Word of the Day

give the green light to sth

to give permission for someone to do something or for something to happen

Word of the Day

Highly delighted, bitterly disappointed, ridiculously cheap: adverbs for emphasis.

by Liz Walter,
October 22, 2014
We often make adjectives stronger by putting an adverb in front of them. The most common ones are very and, for a stronger meaning, extremely: He was very pleased. The ship is extremely large. However, we don’t use very or extremely for adjectives that already have a strong meaning, for example fantastic,

Read More 

life tracking noun

October 20, 2014
the use of one or more devices or apps to monitor health, exercise, how time is spent, etc.

Read More