| 1. |
(noun) a legal process intended to insure equality among the creditors of a corporation declared in bankruptcy |
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Related Words: judicial proceeding, legal proceeding, proceeding, proceedings |
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| 2. |
(noun) inability to discharge all ones debts as they come due |
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Related Words: insolvency |
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| 3. |
(noun) a state of complete lack of some abstract property; "spiritual bankruptcy"; "moral bankruptcy"; "intellectual bankruptcy" |
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Related Words: failure |
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