Bancarotta - bankruptcy

#FindOutFriday – The origin of “Bankruptcy”

The word “bankruptcy” finds its origin from the Italian word banca rotta, which means “broken bank”In the years of early banking, people who exchanged, stored, and lent money did their business in the public marketplace on a bench. If the man on the bench, or the “banker,” ran out of money or was unfair, his bench would be broken.

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