phoenixing
C2CEFR level
85/100Rarity: very rare
TechnicalRegister
Buying an insolvent company's business cheaply and continuing it through a new entity while dumping the old debts.
Regulators flagged the deal as phoenixing once the same directors reopened under an almost identical name.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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