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bankruptcy

n.
1.a state of complete lack of some abstract property
2.inability to discharge all your debts as they come due
3.a legal process intended to insure equality among the creditors of a corporation declared in bankruptcy

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    Idiom of the Day

    slap (someone or something) down or slap down (someone or something)
    to rebuke or reject someone or something
    My boss slapped my proposal down soon after the meeting started.



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