Top Definition
when a trusted banking institution is forced to file for bankruptcy protection as a direct result of its unethical or illegal financial practices and gross mismanagement of its shareholders funds
Angry guy: Dude! I just heard on the news that our bank is filing for bankruptcy!
Really angry guy's friend: Hey, call it what it really is! It's 'bankcorruptcy'! 'Nemo Me Impune Lacesset', bro!!! What say we organize us a good old Tea Party and storm their corporate headquarters?
by Herr Doktor Grauwolf August 27, 2009
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