Last Updated
：2025/11/29
phoenixism
Noun
uncountable
Japanese Meaning
企業を破産させたふりをしながら、その企業の資産を密かに利用して新たな事業を設立する詐欺的行為
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The fraudulent practice of terminating a business as bankrupt while secretly using its assets to set up another business.
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phoenixism
The accountant was arrested after investigators uncovered evidence that the company's sudden bankruptcy was a case of phoenixism used to transfer assets to a new firm.
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The accountant was arrested after investigators uncovered evidence that the company's sudden bankruptcy was a case of phoenixism used to transfer assets to a new firm.
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