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Vocabulary Entry
bankrupt
|noun • verb • adjective
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N
noun
The state of being unable to repay debts; insolvency.
Example Sentences
"After several poor investments, the company filed for bankruptcy."
"He declared bankruptcy to resolve his financial troubles."
"The bankruptcy of the local store led to job losses in the community."
V
verb
To declare oneself unable to pay debts, often in a legal context.
Example Sentences
"The business declared bankruptcy last year."
"She decided to bankrupt her corporation to start anew."
"If he doesn't manage his finances, he might bankrupt his family."
A
adjective
Describing a person or entity that is unable to pay debts; insolvent.
Example Sentences
"After his bankrupt venture, he learned to manage money wisely."
"They avoided making bankrupt investments to secure their finances."
"The bankrupt company had to lay off many employees as part of its restructuring."