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English definition of “undischarged bankrupt”

undischarged bankrupt

noun [C]     FINANCE, LAW
someone who is legally bankrupt but who still has to pay back particular debts and cannot borrow again without telling financial organizations considering a loan that they are bankrupt: An undischarged bankrupt is subject to various restrictions.
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(Definition of undischarged bankrupt noun from the Cambridge Business English Dictionary © Cambridge University Press)
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