financial ruin
noun phraseUK /faɪˈnænʃəl ˈruːɪn/
US /faɪˈnænʃəl ˈruːɪn/
When someone loses all their money and cannot pay for things they need.
The flood brought financial ruin to many small businesses in the town.
RELATED WORDS
OTHER MEANINGS
2. A state of being unable to pay debts and keep property.
Years of overspending led the family to financial ruin.
3. Complete loss of wealth or income.
The stock market crash caused financial ruin for many investors.
4. The condition of a business that must close because it has no money.
Poor management drove the company to financial ruin.