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bankruptcy

Pronunciation: [/ˈbæŋkˌɹʌp(t).si/]

Word

Learn how to use bankruptcy in a sentence: 3 audio examples across 1 meaning.

Context: “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.

Example

The company had to declare bankruptcy after facing financial troubles.

Example

Avoiding bankruptcy is important for financial stability.

Example

What happens when a company declares bankruptcy?

How to pronounce bankruptcy

Pronunciation: [/ˈbæŋkˌɹʌp(t).si/]

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