bankruptcy

CEFRC1

/ˈbæŋ.kɹʌp(t).si/

noun

Türkçe translations

Translating…

In plain English

01
noun
A legal state in which a person or business cannot pay debts.
02
noun
Extra detail
A rule in Tycoon where if the top player does not get first place that round, they instantly get last place

Examples

At a glance

Sits at C1 on the CEFR scale

Also pronounced

Deep Dive

Extra meaning

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

In context

There's another rumor in the air that the firm is going into bankruptcy.
The company ended up filing for bankruptcy.
He declared that these drastic steps would undoubtedly inconvenience a good many people, but the alternative was bankruptcy of the Ulster Transport Authority and the breakdown of public transport services.

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Question 1 · Quick check

Practise this properly in the app, where the word comes back before you forget it.

The word in print, with each source given in full.

He declared that these drastic steps would undoubtedly inconvenience a good many people, but the alternative was bankruptcy of the Ulster Transport Authority and the breakdown of public transport services.
1956 May, “Transport in Ulster”, in Railway Magazine, page 279
[T]he form of and redress for defamation are, for the most part, gendered. Imputations of bankruptcy, for example, which could have damaged a merchant and thus were actionable for a man, would probably have had little effect if directed toward a woman. In contrast, allegations of whoredom—which, while occasionally leveled at men, were not usually thought to injure male reputations—were overwhelmingly cited by women in the slander suits they brought.
1994, M. Lindsey Kaplan, Katherine Eggert, ““Good queen, my lord, good queen” - Sexual Slander and the Trials of Female Authority in “The Winter's Tale””, in Renaissance Drama, volume 25, →DOI, page 89 of 89–118

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From bankrupt + -cy, replacing earlier bankruptship.