Phoenixism

noun

noun ·Rare ·Advanced level

Definitions

Noun
  1. 1
    The fraudulent practice of terminating a business as bankrupt while secretly using its assets to set up another business. uncountable

Etymology

From phoenix + -ism, after the mythological bird that is resurrected from its own ashes.

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Data sourced from Wiktionary, WordNet, CMU, and other open linguistic databases. Updated March 2026.