faillite
/fajit/
1.
nounfeminineSing
bankruptcy; insolvency (legal/financial failure of a company or person)
Sa boîte a fait faillite après seulement six mois.
His company went bankrupt after only six months.
Synonyms:banqueroute, dépôt de bilan
2.
nounfeminineSing
failure; complete breakdown (used figuratively, e.g., of a system, policy, or plan)
C'est une faillite totale du système éducatif.
It's a total failure of the educational system.
Synonyms:échec, fiasco
