bankruptcy

noun/ˈbæŋkrʌptsi/

Frequency rank: #3,631 of 20,003 in the WORDED list (wordfreq data)

Meaning

The state of being unable to pay your debts, declared by law.

Illustration for the English word “bankruptcy”

Example sentence

After years of poor management, the company filed for bankruptcy to avoid further financial losses.

Synonyms & related words

More words in ranks 3,601–3,700