BANKRUPT in Business & Finance Meaning
The BANKRUPT meaning in Business & Finance terms is "Bankruptcy". There are 1 related meanings of the BANKRUPT Business & Finance abbreviation.
BANKRUPT on Business & Finance Full Forms
- Bankruptcy The legal process that a person or firm goes through if they are unable to pay their debts. The process seeks an orderly sharing of the losses by creditors and a chance to start fresh, usually after some delay, for the debtor. No such process exists for national governments or countries, exacerbating the problems of debt crisis and financial crisis.
Frequently Asked Questions (FAQ)
What does BANKRUPT stand for Business & Finance?
BANKRUPT stands for Bankruptcy in Business & Finance terms.
What is the shortened form of Bankruptcy in Business & Finance?
The short form of "Bankruptcy" is BANKRUPT for Business & Finance.
Citation
BANKRUPT in Business & Finance. Acronym24.com. (2020, May 23). Retrieved March 12, 2025 from https://acronym24.com/bankrupt-meaning-in-business-finance/
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