Concept information
Terme préférentiel
business bankruptcy
Définition
- 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]
Concept générique
Appartient au groupe
URI
http://data.loterre.fr/ark:/67375/N9J-GGVTCXLL-R
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