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BANKRUPT in Government Meaning

The BANKRUPT meaning in Government terms is "Bankruptcy". There are 1 related meanings of the BANKRUPT Government abbreviation.

BANKRUPT on Government Full Forms

  1. 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)

  1. What does BANKRUPT stand for Government?

    BANKRUPT stands for Bankruptcy in Government terms.

  2. What is the shortened form of Bankruptcy in Government?

    The short form of "Bankruptcy" is BANKRUPT for Government.

Citation

BANKRUPT in Government. Acronym24.com. (2020, May 23). Retrieved March 12, 2025 from https://acronym24.com/bankrupt-meaning-in-government/

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