/ˈbæŋkrəptsi koʊd/ – Phrase
Definition: Luật phá sản.
A more thorough explanation: the informal name for the US federal bankruptcy law, title 11 of the United States Code (11 U.S.C. §§ 101-1330),
Example: Under Chapter 11 of the federal bankruptcy code, a company is protected from claims by creditors while it attempts to reorganize its finances.