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Bankruptcy   /bˈæŋkrəpsi/  /bˈæŋkrəptsi/   Listen
Bankruptcy

noun
(pl. bankruptcies)
1.
A state of complete lack of some abstract property.  "Moral bankruptcy" , "Intellectual bankruptcy"
2.
Inability to discharge all your debts as they come due.  Synonym: failure.  "Fraudulent loans led to the failure of many banks"
3.
A legal process intended to insure equality among the creditors of a corporation declared to be insolvent.






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"Bankruptcy" Quotes from Famous Books



... custom and understanding the Bank of England keep a much greater reserve in unprofitable cash than other banks; if they do not keep it, either our whole system must be changed or we should break up in utter bankruptcy. The earning faculty of the Bank of England is in proportion less than that of other banks, and also the sum on which it has to pay dividend is altogether ...
— Lombard Street: A Description of the Money Market • Walter Bagehot

... among push buttons and automatic machines is impatient of slower and less direct methods of reaching their goals. We have been trying to apply machine-age methods to our relations with God. We read our chapter, have our short devotions and rush away, hoping to make up for our deep inward bankruptcy by attending another gospel meeting or listening to another thrilling story told by a religious adventurer lately returned ...
— The Pursuit of God • A. W. Tozer

... substantial improvements effected in the administration of justice during the late session, and of which the last volume of the statute-book affords abundant evidence, principally under the heads of bankruptcy, insolvency, and lunacy. Great and salutary alterations have been effected in these departments, as well as various others; the leading statutory changes being most ably carried into effect by the Lord Chancellor, who continues to preside over ...
— Blackwood's Edinburgh Magazine, No. 327 - Vol. 53, January, 1843 • Various

... Government to know? A. Yes: a hay fever occurs to me regularly once a year. I have no policy to enforce against the will of the people: Still I would call the attention of the medicine-loving public to my friend Dr. EZRA CUTLER'S "Noon-day Bitters." For ringing in the ears, loss of memory, bankruptcy, teething, and general debility, they are without a rival. No family should live more than five minutes walk from a bottle. They gild the morning of youth, cherish manhood, and comfort old age, with the name blown on the bottle in plain letters. Beware of impositions—at ...
— Punchinello, Vol. 1, No. 23, September 3, 1870 • Various

... maintenance. Salome had a vague impression that either Providence or the world owed her a luxurious future, as partial compensation for her juvenile miseries; but since both seemed disposed to repudiate the debt, she was reluctantly compelled to ponder her prospective bankruptcy in worldly goods, and, like the unjust steward, while unwilling to work she was ...
— Vashti - or, Until Death Us Do Part • Augusta J. Evans Wilson


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