Bankruptcy
Also known asBankruptcies · Financial Insolvency · Financial Insolvencies · Insolvencies, Financial · Insolvency, Financial
Definition
The state of legal insolvency with assets taken over by judicial process so that they may be distributed among creditors.
MeSH classification
- N03.219.463.045
Need clinical context, treatments, or patient-language explanation?
Ask GoDavaii AI about BankruptcyRelated concepts
Accounts Payable and Receivable
Short-term debt obligations and assets occurring in the regular course of operational transactions.
Banking, Personal
A financial account set up between a financial institution (such as a commercial bank) and a customer (individual, group, or business), wher…
Budgets
Detailed financial plans for carrying out specific activities for a certain period of time. They include proposed income and expenditures.
Capital Financing
Institutional funding for facilities and for equipment which becomes a part of the assets of the institution.
Competitive Bidding
Pricing statements presented by more than one party for the purpose of securing a contract.
Contract Services
Outside services provided to an institution under a formal financial agreement.
Depreciation
Decline in value of capital assets of a permanent or fixed nature over time with use.
Common questions about Bankruptcy
What does Bankruptcy mean in medicine?
Is Bankruptcy known by any other names?
Where does Bankruptcy sit in the medical classification?
Where can I get a plain-language explanation of Bankruptcy?
Source: NIH MeSH 2026 (D016361) — National Library of Medicine, public domain. View official MeSH record ↗