La bancarrota
Example: La empresa declaró la bancarrota después de perder mucho dinero.
Definition
"La bancarrota" refers to the legal status of a business or individual who cannot repay outstanding debts, often leading to the liquidation of assets to satisfy creditors. It signifies financial failure and insolvency, as in the example phrase where a company declares bankruptcy after significant losses.
Etymology
The word "la bancarrota" originates from the Italian 'bancarotta,' combining 'banca' (bench) and 'rotta' (broken). Historically, money changers' benches were broken to signify financial failure. Did you know? This vivid image helped the term spread across European languages to describe insolvency and financial collapse.
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"La bancarrota" appears in the Vocaplus list "Spanish - Entrepreneurship - (A1-C2) - set 1", containing 109 commonly used words.
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