What does BANKRUPT mean in Banking?

This page is about the meanings of the acronym/abbreviation/shorthand BANKRUPT in the Business field in general and in the Banking terminology in particular.

Bankruptcy

Business » Banking

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Definition

What does BANKRUPT mean?

bankrupt, insolvent(adj)
someone who has insufficient assets to cover their debts

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"BANKRUPT." Abbreviations.com. STANDS4 LLC, 2015. Web. 26 Feb. 2015. <http://www.abbreviations.com/term/1481007>.

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