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Bankruptcy   /bˈæŋkrəpsi/  /bˈæŋkrəptsi/   Listen
Bankruptcy

noun
(pl. bankruptcies)
1.
A state of complete lack of some abstract property.  "Moral bankruptcy" , "Intellectual bankruptcy"
2.
Inability to discharge all your debts as they come due.  Synonym: failure.  "Fraudulent loans led to the failure of many banks"
3.
A legal process intended to insure equality among the creditors of a corporation declared to be insolvent.






WordNet 3.0 © 2010 Princeton University








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"Bankruptcy" Quotes from Famous Books



... shoulder if he seemed to be doing ill, by way of a private, kind encouragement. But a great part of the day was passed in aimless wanderings with his eyes sealed, or in his cabinet sitting bemused over the particulars of the coming bankruptcy; and the boy would be absent a dozen times for once that his ...
— Lay Morals • Robert Louis Stevenson

... that depend upon them—be thrown into the already wavering scale, and who can pretend to estimate the amount of ruin which a week may produce? The paradise of free-trade in corn may indeed be obtained, but it will be reached through the purgatory of a general bankruptcy. ...
— Blackwood's Edinburgh Magazine, Volume 59, No. 363, January, 1846 • Various

... gave way. From their rising in the morning until their hour of retirement at night, the First Lord of the Treasury and the Chancellor of the Exchequer were employed in seeing persons of all descriptions, who entreated them to interfere and preserve the community from universal bankruptcy. 'Perish the world, sooner than violate a principle,' was the philosophical exclamation of her Majesty's ministers, sustained by the sympathy and the sanction of Sir Robert Peel. At last, the governor and the deputy-governor of the Bank of England waited ...
— Lord George Bentinck - A Political Biography • Benjamin Disraeli

... application, equipped him with varied information, and made him an authority on many subjects. He joined Benjamin F. Butler in the revision of the statutes of the State, and was associated with Daniel Webster in settling the limits of the bankruptcy legislation of the state and federal governments. Just now he was still a young man, only in his thirty-ninth year; but those who had seen his keen, clever articles on neutral rights, polished and penetrating in style, and who heard his skilful and ...
— A Political History of the State of New York, Volumes 1-3 • DeAlva Stanwood Alexander

... night his wife began a curtain lecture; 'My dearest Johnny, husband, spouse, protector, Take pity on your helpless babes and me, Save us from ruin, you from bankruptcy— Look to your business, leave these cursed plays, And try again your old ...
— The Works of Charles and Mary Lamb IV - Poems and Plays • Charles and Mary Lamb


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