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Bankruptcy - Financial definition

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Translations:      FR  banqueroute (n.f.) , faillite (n.f.) , liquidation (n.f.) , redressement judiciaire (n.m.)     ES  insolvencia (n.f.) , quiebra (n.f.)     DE  Konkurs (n.m.) , Pleite (n.f.) 

  Concise definition of the term bankruptcy

Term describing a state of financial distress or difficulty where a firm, or an individual, is no longer able to meet its financial obligations on debt.

 Additional information related to this definition

Definitions of related terms

Counterparty risk  •  Credit risk  •  Loan

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