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GlossaryBusiness

Bankruptcy

A legal process for people or companies that cannot repay their debts, in which assets are sold or debts restructured under court supervision.

Also called insolvencyChapter 11

Why it matters

It decides what creditors, staff and customers get back when a company fails.

More Business terms

Business

Quarterly results

A public company's report of its revenue, profit and outlook for a three-month period.

Business

Revenue

The total money a company earns from selling goods or services before any costs are subtracted.

Business

Layoffs

The dismissal of employees by a company, usually for business reasons such as cost cutting rather than performance.

Business

Acquisition

The purchase of one company by another, giving the buyer control of the target's business.

From the blog

All glossary terms