going concern

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going concern (plural going concerns)

  1. A working business; a flourishing or profitable enterprise.
    • 2009, "Dilute or die", The Economist, 14 May 2009:
      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.
    • 2010, The Guardian, 22 Feb 2010:
      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.