going concern
noun1
Accounting, Business, Finance A successfully operating enterprise.
- If the bank does not act swiftly to push the CDS price back down, the regulator seizes the assets, wipes out shareholders and sacks the management. The bank is recapitalised as a going concern and later sold.2009 May 14, “Dilute or die”, in The Economist:
- At Acromas, the balance sheet is more than £1bn in the red [...] and a pre-tax loss of £300m was recorded in the year to January 2009. But Acromas is still regarded as a viable going concern.2010 February 22, The Guardian: