This is the 9842nd most frequent French word.
faillites
"Faillites" means "bankruptcies" in English.
In this sentence, 'faillites' is used to describe a significant economic event involving multiple instances of bankruptcy.
Une série de faillites a marqué l'économie du pays.
A series of bankruptcies marked the economy of the country.
This usage illustrates the metaphorical application of 'faillite,' comparing ethical collapse to financial insolvency.
La faillite morale peut être aussi destructrice que la faillite financière.
Moral bankruptcy can be as destructive as financial bankruptcy.
Here, 'faillites' refers to instances of companies being unable to meet financial obligations, leading to insolvency.