The world of business acronyms, euphemisms and expressions that people use at work can be very confusing so ProsperingServant.com would like to help define the terms you hear on the job by proudly offering the Monday edition of our Watercooler Word of the Day. Today’s word (or in this case phase) is….
Going Concern - A business that either has a stable long term cash flow sufficient to sustain itself, is too important to its creditors to fail so they keep overlooking the mounting debts or is able to extend an open palm to Uncle Sam and get a few billion in bailout money.
Stumble it!
Tags: career, going concern, Humor, job, joke
