Bănk'rupt-cy, n.
n. 1. The state of being bankrupt or insolvent; the state of a man whose business is stopped and broken up, because he is insolvent, and utterly incapable of carrying it on; inability to pay all debts. Story. Burrill.
Sense 2. The act of becoming a bankrupt; the act of rendering one's self a bankrupt, as by absconding or otherwise; failure in trade.