bankruptcy

From bankrupt +‎ -cy, replacing earlier bankruptship.

• (UK) IPA^(key): /ˈbæŋ.kɹʌp(t).si/

  • Audio (Southern England):

    (file)

• (US, Canada) IPA^(key): /ˈbæŋk.ɹʌp(t).si/, [ˈbɛːŋk.ɹəp(t).si]
• (General Australian) IPA^(key): /ˈbæŋ.kɹɐp(t).si/, /ˈbæŋ.kɹap(t).si/

bankruptcy (countable and uncountable, plural bankruptcies)

1. (finance, law) A legally declared or recognized condition of insolvency of a person or organization.

   The company ended up filing for bankruptcy.

   • 1956 May, “Transport in Ulster”, in Railway Magazine, page 279:

     He declared that these drastic steps would undoubtedly inconvenience a good many people, but the alternative was bankruptcy of the Ulster Transport Authority and the breakdown of public transport services.

   • 1994, M. Lindsey Kaplan, Katherine Eggert, ““Good queen, my lord, good queen” - Sexual Slander and the Trials of Female Authority in “The Winter's Tale””, in Renaissance Drama‎^[1], volume 25, →DOI, page 89 of 89–118:

     [T]he form of and redress for defamation are, for the most part, gendered. Imputations of bankruptcy, for example, which could have damaged a merchant and thus were actionable for a man, would probably have had little effect if directed toward a woman. In contrast, allegations of whoredom—which, while occasionally leveled at men, were not usually thought to injure male reputations—were overwhelmingly cited by women in the slander suits they brought.

2. (card games) a rule in Tycoon where if the top player does not get first place that round, they instantly get last place

• (slang adjectives) broke, bust, belly up
• (slang verbs) go broke, go bust, go belly up