A situation where a company or firm is allowed to continue trading even though it can be seen that the insolvency or bankruptcy of the company is inevitable. This term is also tied into fraudulent trading, and directors of a firm can be held responsible for their actions if they do not take steps to avoid insolvency overall.

Previous Terms: 1031 Exchange, 1035 Exchange, AARP, Abeyance, Abstraction Principle, Accelerated Amortization, Acceptance Credit, Acceptance of a Bill of Exchange, Accommodation Bill, Accommodation Endorser