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Meaning of bankruptcy

bank•rupt•cy

Pronunciation: (bangk'rupt-sē, -rup-sē), [key]
— pl. -cies.
  1. the state of being or becoming bankrupt.
  2. utter ruin, failure, depletion, or the like.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.
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