See Also: Tight money or dear money(finance)
Bankruptcy(money)
bankruptcy(medicine)
bankruptcy(dictionary)
Bankruptcy(finance)
Bankruptcy(law)
bankruptcy(encyclopedia)
bankruptcy(dictionary)
Bankruptcy risk(money)
Trustee in bankruptcy(money)

Bankruptcy (money)


Definition: Legal process by which an insolvent debtor's assets are liquidated and relieved of further liability.

Definition: [crh] Inability to pay debts. In bankruptcy of a publicly owned entity, the ownership of the firm's assets is transferred from the stockholders to the bondholders.