phoenixism
The fraudulent practice of terminating a business as bankrupt while secretly using its…The fraudulent practice of terminating a business as bankrupt while secretly using its assets to set up another business.
Meaning
1 senses(uncountable)The fraudulent practice of terminating a business as bankrupt while secretly using its assets to set up another business.
Origin
From phoenix + -ism, after the mythological bird that is resurrected from its own ashes.From phoenix + -ism, after the mythological bird that is resurrected from its own ashes.
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Lessons for this word
1 lessons- A1Countable and uncountable nouns — Because it can be uncountable