going concern

Definition

The idea that a company will continue to operate indefinitely, and will not go out of business and liquidate its assets. For this to happen, the company must be able to generate and/or raise enough resources to stay operational.

Use going concern in a sentence

There was a going concern for the company and I did not agree with it because I felt like we would be done pretty soon.

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You should always try to make sure that people in your office are working with a going concern so they can focus on the task at hand.

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The going concern concept was mentioned during the meeting because our business plans on operating indefinitely as we will constantly innovate.

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