Loanfactz Definitions
Glossary of Legal Terms, Loan Terms and Home Construction, Repair and Maintenance Definitions. Some words have more than one meaning. Only those meanings relating to this site will be used.
All of B
Bankrupt
Financial * insolvency, depleted of valuable qualities, financially ruined, being in a ruined state.
Glossary For This Page
(In Alphabetical Order)
* Insolvency
The condition of being insolvent, which is when a person or business cannot repay their debts when they are due.
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