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say it: BANG-kruhp-see
bankruptcy is a noun meaning "a state of complete lack of some abstract property". It carries 3 recorded senses.
a state of complete lack of some abstract property
“spiritual bankruptcy”
“moral bankruptcy”
“intellectual bankruptcy”
inability to discharge all your debts as they come due
“the company had to declare bankruptcy”
“fraudulent loans led to the failure of many banks”
a legal process intended to insure equality among the creditors of a corporation declared to be insolvent
law
Forms marked · are formed by the regular rule rather than recorded in the source data. English keeps a few hundred irregulars and the rest follow the pattern, so the rule is right far more often than not — but it is a rule, and the mark says so.
Definitions, synonyms and semantic relations for bankruptcy come from Princeton University’s WordNet. The pronunciation comes from the CMU Pronouncing Dictionary. Commonness is measured against a corpus of everyday English. Full sources and licences.