Difference between revisions of "Bankrupt"
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| − | ''Bankrupt '' - ( | + | ''Bankrupt '' - (verb) |
== Definition == | == Definition == | ||
| − | + | This describes the process which results in a company or individual not being able to pay their debts. | |
== Extra == | == Extra == | ||
| − | '''Source:''' | + | '''Source:''' Own Definition <br /> |
| − | '''Example of Use:''' | + | '''Example of Use:''' Competition from major corporations bankrupted the firm.[[Category: Business Terminology]][[Category: Glossary]] |
Latest revision as of 18:57, 11 March 2020
Bankrupt - (verb)
Definition
This describes the process which results in a company or individual not being able to pay their debts.
Extra
Source: Own Definition
Example of Use: Competition from major corporations bankrupted the firm.
