bankrupt

Meanings

• noun

  The inability to pay debts or meet financial obligations.

• noun

  A legal declaration by a debtor that it cannot pay its debts.

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Pronunciation

1. /ˈbæŋ.kɹəpt/
   
   
   
   Source: "https://commons.wikimedia.org/w/index.php?curid=88675756"

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Rhymes

Words rhyming with bankrupt
dank,rank,blank,spank,banked,ranked,yank,ank,hank

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Variants

List of all variants of bankrupt that leads to same result
bankrupt , bankrupts , bankrupted , bankrupting , go bankrupt , morally bankrupt

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Etymology

origin and the way in which meanings have changed throughout history.

From Old French banquer 'to renege on a debt' or ban banque 'game table', from Italian banco 'bench'.

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Trivia

Any details, considerations, events or pieces of information regarding the word

1. Bankruptcy laws date back to ancient civilizations, with evidence of debt forgiveness in Babylonian and Roman law.

2. The largest bankruptcy filing in history was that of Enron Corporation in 2001, which had over $100 billion in assets and debts.

3. In the United States, bankruptcy filings peaked in 2010 during the Great Recession, with over 1.5 million filings that year.

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Related Concepts

informations on related concepts or terms closely associated with the word. Discuss semantic fields or domains that the word belongs to

1. Insolvency: A broader term that refers to the inability to pay debts as they come due, but does not necessarily involve a legal declaration of bankruptcy.

2. Creditor: A person or entity to whom money is owed.

3. Debtor: A person or entity that owes money to another.

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Culture

Any cultural, historical, or symbolic significance of the word. Explore how the word has been used in literature, art, music, or other forms of expression.

Bankruptcy is a significant cultural and historical concept, often associated with financial hardship and economic downturns. It has been explored in literature, art, music, and other forms of expression.

How to Memorize "bankrupt"

1. visualize
   

   - Visualize a person or business overwhelmed by debt, unable to pay their bills. Imagine mountains of unpaid bills and creditor letters piling up.

2. associate
   

   - Associate the word with financial hardship and debt. Think about people or businesses who have filed for bankruptcy.

3. mnemonics
   

   - Create a mnemonic using the first letter of each word in 'Broke And No Payments Ever Given To Creditors'.

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