gone concern |
|
Definition
Defunct firm or one in the process of being wound up. Debts of such firms become due immediately in full, their market value is determined on the basis of auction or liquidation value of their tangible assets, and their goodwill counts for nothing. See also going concern.
email to a friend
print this definition
cite this definition
link to this page
gone concern is in the Accounting & Auditing and Banking, Commerce & Finance subjects.
gone concern appears in the definitions of the following terms: breakup value and going-concern principle
This content can be found on the following page:
http://www.businessdictionary.com/definition/gone-concern.html