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going concern

From Wiktionary, the free dictionary

English

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Noun

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going concern (plural going concerns)

  1. (business, finance, accounting) A successfully operating enterprise.
    • 2009 May 14, “Dilute or die”, in The Economist:
      If the bank does not act swiftly to push the CDS price back down, the regulator seizes the assets, wipes out shareholders and sacks the management. The bank is recapitalised as a going concern and later sold.
    • 2010 February 22, The Guardian:
      At Acromas, the balance sheet is more than £1bn in the red [...] and a pre-tax loss of £300m was recorded in the year to January 2009. But Acromas is still regarded as a viable going concern.
  2. (by extension) A person who is active, thriving, energetic, and highly successful in their endeavors.
    • 1911, ‘Steel Rudd’, The Book of Dan, Brisbane: University of Queensland Press, published 1970, page 73:
      ‘H’m! he’s dead orright...I never seen anyone look deader ’n that...though at any time, at th’ best o’ times, he was never what you’d call a goin’ concern.’

Translations

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