going concern

noun

Definition of going concern

  1. :  a business that is making a profit They had a difficult start, but they've turned the restaurant into a going concern.

Word by Word Definitions

goingplay
  1. :  an act or instance of going

    :  behavior, actions

    :  the condition of the ground (as for walking)

  1. :  working, moving

    :  living, existing

    :  current, prevailing

concernplay
  1. :  to relate to :  be about

    :  to bear on

    :  to have an influence on :  involve

  1. :  marked interest or regard usually arising through a personal tie or relationship

    :  an uneasy state of blended interest, uncertainty, and apprehension

    :  something that relates or belongs to one :  affair


Law Dictionary

going concern

noun going con·cern

Legal Definition of going concern

  1. :  a business that is in operation


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