bankrupt
DefinitionA person, firm, or corporation that has been declared insolvent through a court proceeding and is relieved from the payment of all debts after the surrender of all assets to a court-appointed trustee.
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bankrupt is ...
... part of the Lending & Credit subject.
... part of the Lending & Credit subject.
Related Terms
current assets, default risk, financial risk, municipal bond, preference shares, preferred stock, recapitalization, trustee in bankruptcy, zombie, preferred shares
bankrupt appears in these other terms
bankruptcy, discharge of bankruptcy
bankrupt appears in the definitions of these other terms on BusinessDictionary.com
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