substantive consolidation
C2CEFR level
85/100Rarity: very rare
TechnicalRegister
The pooling of the assets and liabilities of separate affiliated debtors into a single estate for distribution.
Creditors sought substantive consolidation because the group's intercompany affairs were hopelessly commingled.
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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