Bankrupting is a term that is often used in the financial world. It is a term that is used to describe a situation where a person or a company is unable to pay their debts. In this article, we will discuss the definition and meaning of bankrupting, its origin, associations, synonyms, antonyms, and usage in different contexts.
Definitions
Bankrupting is the act of becoming bankrupt, which is a legal status that is declared when a person or a company is unable to pay their debts. It is a situation where a debtor is unable to meet their financial obligations and is forced to file for bankruptcy.
Origin
The word bankrupting comes from the Old French word “banqueroute,” which means “broken bench.” The term was used in medieval times to describe the practice of moneylenders who would break their benches when they were unable to repay their debts. The term was later adopted in English and has been used ever since to describe the act of becoming bankrupt.
Meaning in different dictionaries
The meaning of bankrupting is similar across different dictionaries. According to the Merriam-Webster dictionary, bankrupting means “to cause to become bankrupt.” The Oxford English Dictionary defines it as “to reduce someone or something to bankruptcy.”
Associations
Bankrupting is often associated with financial difficulties and economic downturns. It is a term that is used to describe the financial collapse of a company or an individual. It is also associated with the legal process of bankruptcy, which is a legal status that is declared when a person or a company is unable to pay their debts.
Synonyms
Some synonyms of bankrupting include insolvency, financial collapse, economic failure, and financial ruin. These terms are often used interchangeably with bankrupting to describe a situation where a person or a company is unable to pay their debts.
Antonyms
The antonyms of bankrupting include financial stability, financial success, and financial security. These terms are used to describe a situation where a person or a company is financially stable and able to meet their financial obligations.
The same root words
The root word of bankrupting is “bankrupt,” which is a legal status that is declared when a person or a company is unable to pay their debts. Other words that are derived from the same root word include bankruptcy, bankruptcies, and bankrupted.
Example Sentences
- The company’s poor financial management led to its bankrupting.
- The individual’s excessive spending habits resulted in their bankrupting.
- The economic downturn caused many businesses to face the risk of bankrupting.
- The company filed for bankruptcy after its customers stopped buying its products.
- The individual was forced to declare bankruptcy after accumulating too much debt.