faillite
bankruptcy
noun fah-EET Rare
Origin: From Italian fallita, from fallire ('to fail').
Also means
failure
Usage Note
Faillite is primarily a legal term for insolvency: déposer le bilan is the formal act, while faire faillite means 'to go bankrupt'. Figuratively, une faillite morale means 'a moral failure'. The 't' is silent.
Examples
"L'entreprise a déclaré faillite."
Natural Translation
The company declared bankruptcy.
Related Words
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