bankruptcy

Meanings

1. 1
   noun

   inability to discharge all your debts as they come due

   the company had to declare bankruptcy

2. 2
   noun

   a state of complete lack of some abstract property

   spiritual bankruptcy

3. 3
   noun

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

   The company ended up filing for bankruptcy.

4. 4
   noun

   a legal process intended to insure equality among the creditors of a corporation declared to be insolvent

5. 5
   noun

   a rule in Tycoon where if the top player does not get first place that round, they instantly get last place

Etymology

From bankrupt + -cy, replacing earlier bankruptship.