Dictionary Term of the Day Articles Subjects
BusinessDictionary
Business
Dictionary
Dictionary
Uh oh! You're not
signed up.
Sign Up
Home Dictionary
Term of the Day Articles Subjects

quick-rinse bankruptcy

Definition
  • + Create New Flashcard
Popular Terms
Bankruptcy procedure that is resolved within a short period of time compared to regular bankruptcy procedures because the quick-rinse procedure bypasses the court, which would have delayed the process. The phrase arose during the financial crisis in 2008 when companies like General Motors (GM) had to quickly file in for bankruptcy.
  • immediate famil...

  • ex works

  • repo rate

  • payment terms

  • accounting conc...

  • financial manag...

  • letter of credi...

  • private limited...

  • asset

You Also Might Like...
Lea Nathan
5 Tips for Negotiating with Your Creditors
During tight economic times, both individuals and businesses struggle to keep their heads above water financially. However, many people and companies alike do not know they can successfully negotiate with bill collectors and creditors to reduce ... Read more
Ravinder Kapur
Leadership in a Crisis - How To Be a Leader
When a business faces a period of intense difficulty, the abilities of its top management and especially those of its CEO can make the difference between bankruptcy and survival. In fact, a true leader is capable of using a crisis to carry out ... Read more
ADVERTISEMENT
Adam Colgate
What is a Sole Proprietorship?
Jeffrey Glen
Coinsurance vs. Copay



Email Print Embed
Copy & paste this HTML in your website to link to this page

Browse Dictionary by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
© 2019 WebFinance Inc. All Rights Reserved.
Unauthorized duplication, in whole or in part, is strictly prohibited.

Privacy, Disclaimers & Copyright
COMPANY
About Us
Contact Us
Advertise with Us
Careers
RESOURCES
Articles
Flashcards
Citations
All Topics
FOLLOW US
OUR APPS