Definition and Citations:
A company ceasing its operations following its inability to make a profit or to bring in enough revenue to cover its expenses. The final step is always that the business runs out of cash.
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
A company ceasing its operations following its inability to make a profit or to bring in enough revenue to cover its expenses. The final step is always that the business runs out of cash.