释义 |
wrongful trading in British English (ˈrɒŋfʊl ˈtreɪdɪŋ) noun law, business the act of allowing a company to continue trading when its insolvency is inevitable Examples of 'wrongful trading' in a sentencewrongful trading He questioned whether directors were guilty of wrongful trading.Be mindful of your fiduciary duties, too, to avoid wrongful trading.Insolvent trading - not having enough money to hand to meet your debts - is not illegal but can give rise to civil suits for wrongful trading.This is known as wrongful trading and a liquidator can look to the directors to compensate the company for its debts in such circumstances.Suppliers withdrawing credit, credit insurers cancelling cover, or directors frightened of wrongful trading, can all push a company over the edge. |