der Bankrott
Translation
bankruptcy, insolvency, failure
Examples
Die Firma hat Bankrott angemeldet.
The company has declared bankruptcy.
Er steht kurz vor dem Bankrott.
He is on the verge of bankruptcy.
Grammar Patterns
to declare ((sth.)) Die Firma hat Bankrott angemeldet.
to be on the verge of ((sth.)) Das Unternehmen steht kurz vor dem Bankrott.
Similar Words
Pleite (bankruptcy), Insolvenz (insolvency)
Etymology
From Italian 'banca rotta', meaning 'broken bench'. This referred to the custom of breaking a money changer's bench if he went insolvent.
Memory Tips
Think of a 'broken bank'. The word is very similar to the English 'bankrupt'.