-p(t)sē, -si noun
( -es )
Etymology: bankrupt (III) + -cy
1. : the quality or state of being bankrupt
the company went into bankruptcy
2.
a. : utter failure
the bankruptcy of Hitler's soaring ambitions — G.P.Gooch
: ruin
our policy … in bankruptcy , the nation in mortal peril — C.B.Marshall
b. : depletion , exhaustion
physical bankruptcy
quitting is a tacit admission of moral bankruptcy — W.R.Miller
c. : sterility , barrenness
the bankruptcy of his propaganda