the word bankruptcy come from which of the following?
The origin of the word “bankruptcy”:
Response:
The word “bankruptcy” is derived from Italian and Latin origins. It comes from the Italian word “banca rotta,” which means “broken bench.” In medieval Italy, when a moneylender could not continue his business, his bench was physically broken as a symbol, and this practice led to the term “bankruptcy.” The Latin term “bankruptus” is a fusion of “banca” and “ruptus,” meaning “broken bank” or “broken bench.” Over time, this term was adopted into English and other languages to refer to the state of being unable to repay debts.