Why it matters
It decides what creditors, staff and customers get back when a company fails.
Bankruptcy in the news
More Business terms
Revenue
The total money a company earns from selling goods or services before any costs are subtracted.
Merger
The combination of two companies into one, often negotiated alongside an acquisition, where one company buys another.
Layoffs
The dismissal of employees by a company, usually for business reasons such as cost cutting rather than performance.
Quarterly results
A public company's report of its revenue, profit and outlook for a three-month period.
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