(单词翻译:单击)
A bankruptcy1 is a legal proceeding2 that occurs when the liabilities or debts of an individual or firm exceed their assets or revenues over an extended period of time. When individuals or firms declare bankruptcy, their assets are taken and allocated3 to various creditors4, and courts may impose restrictions5 on their future borrowing capacities.
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1
bankruptcy
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| n.破产;无偿付能力 | |
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2
proceeding
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| n.行动,进行,(pl.)会议录,学报 | |
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3
allocated
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| adj. 分配的 动词allocate的过去式和过去分词 | |
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4
creditors
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| n.债权人,债主( creditor的名词复数 ) | |
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5
restrictions
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| 约束( restriction的名词复数 ); 管制; 制约因素; 带限制性的条件(或规则) | |
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