Bankruptcy

legal inability to pay

Part of speech: n Exam: BEC Topic: Finance Difficulty: ★★★☆☆

Pronunciation: 🇺🇸 US/ˈbæŋkrəptsi/ 🇬🇧 UK/ˈbæŋkrəptsi/

Definition

legal inability to pay

The retailer filed for bankruptcy.

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