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What (who) is going concern - definition
Going concern
BUSINESS NOT UNDER THREAT OF SUBSTANTIALLY CURTAILING ITS OPERATION
Going concern principle
A going concern is a business that is assumed will meet its financial obligations when they become due. It functions without the threat of liquidation for the foreseeable future, which is usually regarded as at least the next 12 months or the specified accounting period (the longer of the two).
going concern
BUSINESS NOT UNDER THREAT OF SUBSTANTIALLY CURTAILING ITS OPERATION
Going concern principle
see concern
going concern
BUSINESS NOT UNDER THREAT OF SUBSTANTIALLY CURTAILING ITS OPERATION
Going concern principle
¦ noun a business that is operating and making a profit.
Examples of use of going concern
1. "I didn‘t realize how much of a going concern this wasn‘t," he says now.
2. It also sported a going–concern warning on the quarterly report.
3. The British film industry, by contrast, does not; not as a going concern.
4. Also, it still has that going–concern warning blaring from its report.
5. There is absolutely no chance of Heftsiba being sold as a going concern, Mizrahi–Tefahot adds.