wrongful trading
C2CEFR level
85/100Rarity: very rare
TechnicalRegister
The offence of continuing to trade when directors knew or ought to have known there was no reasonable prospect of avoiding insolvent liquidation.
The liquidator pursued the directors for wrongful trading over the final six months.
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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