Definition of Bankroptcy

Bank"rupt*cy (&?;), n.; pl. Bankruptcies(&?;). 1. The state of being actually or legally bankrupt.

2. The act or process of becoming a bankrupt.

3. Complete loss; -- followed by of.

- Webster's Unabridged Dictionary (1913)

A legally declared inability of an individual or organisation to pay their creditors. (Read more at Wikipedia)

- The Nuttall Encyclopedia

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The correct Spelling of this word is: Bankruptcy

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