A falência
Example: A falência da loja causou perda de muitos empregos.
Definition
"A falência" refers to the legal and financial state where a business or individual is unable to repay outstanding debts, leading to the closure or restructuring of the entity. It often results in loss of assets and can cause significant economic impact, such as job losses.
Etymology
The word "a falência" comes from the Latin 'fallentia,' meaning failure or deception. It evolved in Portuguese to specifically describe the state of insolvency or bankruptcy in commerce. Did you know? The term originally implied trickery but now strictly relates to financial collapse.
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"A falência" appears in the Vocaplus list "", containing 109 commonly used words.
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the bankruptcy