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bankruptcy

Произношение: [/ˈbæŋkˌɹʌp(t).si/]

Слово

Контекст: «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.

Пример

The company had to declare bankruptcy after facing financial troubles.

Пример

Avoiding bankruptcy is important for financial stability.

Пример

What happens when a company declares bankruptcy?

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