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bankruptcy

Prononciation : [/ˈbæŋkˌɹʌp(t).si/]

Mot

Contexte : « financial »

(noun) when a person or company cannot pay their debts and is declared legally unable to do so. It means they have no money left to pay what they owe.

Exemple

The company had to declare bankruptcy after facing financial troubles.

Exemple

Avoiding bankruptcy is important for financial stability.

Exemple

What happens when a company declares bankruptcy?

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