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noun bankruptcy pronunciation in American English /ˈbæŋkˌrʌptsi/
Word Forms
  1. 1
    [countable/uncountable] a situation in which a person or business becomes bankrupt

    The recession led to a flood of bankruptcies.

    face bankruptcy:

    Many small farmers are facing bankruptcy.

    declare bankruptcy:

    The company declared bankruptcy in 1997.

  2. 2
    [uncountable] formal a complete lack of good qualities

    moral bankruptcy


… a teaching method in which groups of children learn independently using a computer linked to the internet

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Open Dictionary


a derogatory word used for referring to people in the banking and investment industry who are thought of as taking serious risks in order to increase their own earnings …

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