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    Bangkarote (en. Bankruptcy)

    baŋkaˈɾote

    Meaning & Definition

    EnglishTagalog
    noun
    A legal state in which an individual or business cannot pay their debts.
    They filed for bankruptcy due to inability to pay their debts.
    Nag-file sila ng bangkarote dahil sa hindi makakayang bayaran ang mga utang.
    The process of retiring or reorganizing the debts of a company that cannot continue.
    The company's bankruptcy had a significant impact on the employees.
    Ang bangkarote ng kumpanya ay nagdulot ng malaking epekto sa mga empleyado.
    The condition of being without funds or assets due to excessive debt.
    Due to many management mistakes, he ended up in bankruptcy.
    Dahil sa maraming pagkakamali sa pamamahala, siya ay napunta sa bangkarote.

    Etymology

    Spanish: 'bancarrota'

    Common Phrases and Expressions

    bankrupted
    the state of going bankrupt.
    na-bankrupt

    Related Words

    debt
    An obligation or liability that must be paid.
    utang
    company
    An organized group of people aiming to earn income.
    kumpanya

    Slang Meanings

    On the brink of bankruptcy.
    Wow, my business feels like it's about to go bankrupt, no income at all!
    Grabe, parang bangkarote na 'tong negosyo ko, wala nang kita!
    The business is broken.
    That once-famous restaurant is bankrupt now, it's closed!
    Yung dating sikat na kainan, bangkarote na ngayon, sarado na!
    Totally broke.
    I've borrowed money, I'm really bankrupt now.
    Nangutang na nga ako, bangkarote na talaga ako.