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Từ vựng:

insolvent trading

Giải nghĩa:

/ɪnˈsɒlvənt ˈtreɪdɪŋ/ – Phrase


Definition: Hành vi kinh doanh không khả thi.

A more thorough explanation: a situation where a director of a company allows a company to take on debt at a time the company is unable to meet debts as they fall due

Example: The introduction of insolvent trading provisions will encourage directors of a company in financial difficulty to act on insolvency earlier.

 

 
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