business failure
Definition
Closure or cessation of business activity that results in a loss to its creditors. Firm that stops working due to lack of sales or profit, or retirement or death of its principal—without leaving any liabilities—is not classified as a failure.
business failure is in the Disaster Planning & Risk Management and Entrepreneurship, Management, & Leadership subjects.
business failure appears in the definitions of the following terms: illiquid, inventory management, winding up, panic and bankruptcy
This content can be found on the following page:
http://www.businessdictionary.com/definition/business-failure.html
email to a friend
print this definition
cite this definition
link to this page
