Bankruptcy - Financial definition
Translations: FR banqueroute (n.f.) , faillite (n.f.) , liquidation (n.f.) , redressement judiciaire (n.m.) ES insolvencia (n.f.) , quiebra (n.f.) DE Konkurs (n.m.) , Pleite (n.f.)
Concise definition of the term bankruptcy
Term describing a state of financial distress or difficulty where a firm, or an individual, is no longer able to meet its financial obligations on debt.
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