VOLUNTARY BANKRUPTCY
\vˈɒləntəɹi bˈaŋkɹʌptsi], \vˈɒləntəɹi bˈaŋkɹʌptsi], \v_ˈɒ_l_ə_n_t_ə_ɹ_i b_ˈa_ŋ_k_ɹ_ʌ_p_t_s_i]\
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When a company files for bankruptcy. The company may be overseen by a trustee. Refer to involuntary bankruptcy.
By Henry Campbell Black
Word of the day
tinctura quininae ammoniata
- A preparation made by dissolving quinin sulphate in alcohol [Br. Ph.].