| 单词 | wrongful trading |
| 释义 | wrongful tradingDefinition Allowing a firm to continue trading in a situation where a reasonably diligent person would realize that the firm's insolvency is inevitable. Directors of a firm who know (or ought to have known) that its insolvency could not be avoided may be held personally liable to its creditors if it becomes bankrupt or is liquidated. See also fraudulent trading. |
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