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bankruptcy

破産　—　Phenomena

Being unable to pay.

Écu of Louis XVI Écu of Louis XVI1783 30 Kreuzer copper coin (1807) 30 Kreuzer copper coin (1807)1807 200 Piastre Note (1863) 200 Piastre Note (1863)1863
A photograph of the real thing this term names.

⚠ Countries also go bankrupt. In the case of a country, this takes the form of a "suspension of payments" or "forced refinancing," and the lending banks collapse instead.