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bankruptcy

/ˈbæŋ.kɹʌp(t).si/ noun

In Latin: dēcoctiō Wiktionary

noun Definition from Wiktionary (CC BY-SA). Pronunciation from Wiktionary, via Kaikki.org. More about bankruptcy at Wordnik → Where our words come from →

  1. A legally declared or recognized condition of insolvency of a person or organization.
    The company ended up filing for bankruptcy.
  2. A rule in Tycoon where if the top player does not get first place that round, they instantly get last place

Origin

From bankrupt + -cy, replacing earlier bankruptship.

From Wiktionary, via Kaikki.org (CC BY-SA)