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Concept information

Término preferido

business bankruptcy  

Definición

  • Business bankruptcy occurs when a commercial organization does not have sufficient readily available funds (capital) to pay its current debts. Further, the business is either unable or unwilling to sell its assets, or to use debt (by borrowing capital) or equity (by selling ownership shares), to pay such obligations. [Source: Encyclopedia of Social Problems; Bankruptcy, Business]

Pertenece al grupo

URI

http://data.loterre.fr/ark:/67375/N9J-GGVTCXLL-R

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