Meaning: "Bancarrota" refers to the state of being unable to pay debts and is often used to describe a legal status wherein an individual or a business declares that it cannot meet its financial obligations.
Usage: The term is commonly used in both formal and informal contexts, particularly in the fields of law and economics. It has a moderate to high frequency of use due to its relevance in finance and legal discussions. It is often encountered in written contexts such as contracts, legal documents, and economic literature but is also used in everyday conversation.
Example Sentences
La empresa anunció su bancarrota después de años de pérdidas.
The company announced its bankruptcy after years of losses.
La legislación sobre la bancarrota ha cambiado en los últimos años.
Bankruptcy legislation has changed in recent years.
Muchos negocios no sobreviven a una crisis económica y caen en bancarrota.
Many businesses do not survive an economic crisis and fall into bankruptcy.
Idiomatic Expressions Involving "Bancarrota"
No hay mal que por bien no venga; a veces, la bancarrota puede ser una oportunidad para empezar de nuevo.
Every cloud has a silver lining; sometimes, bankruptcy can be an opportunity to start anew.
Dejar en bancarrota; las malas decisiones financieras pueden dejar a una empresa en bancarrota.
To leave in bankruptcy; poor financial decisions can leave a company bankrupt.
Cerca de la bancarrota; muchos pequeños negocios están cerca de la bancarrota debido a la crisis actual.
Near bankruptcy; many small businesses are near bankruptcy due to the current crisis.
Tener una bancarrota a cuestas; no es fácil vivir con una bancarrota a cuestas en el historial crediticio.
To carry a bankruptcy on one's shoulders; it's not easy to live with a bankruptcy on one's credit history.
Etymology
The word "bancarrota" has its origins in el término "banco," que significa "bank," and the suffix "rota," which means "broken." The term historically referred to a broken bank, symbolizing a failure in financial responsibility.
Synonyms
Quiebra (bankruptcy)
Insolvencia (insolvency)
Antonyms
Solvencia (solvency)
Rentabilidad (profitability)
The term "bancarrota" encapsulates significant legal and financial implications in both colloquial and formal settings, evidencing its importance in economic discussions.