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Classic usage
Reading level: hard
Estimated CEFR level: C1 — Advanced
Estimated from word frequency; not an official CEFR classification.
Partial calque of Italian bancarotta (literally “a broken bench”), from banca (“bank”, literally “bench”) + rotta (“broken, rupted”), which refers to an out-of-business bank, having its bench physically broken, signifying that the working moneylender was insolvent.
insolvent
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Classic usage
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