clean shell

noun

A legal entity that demonstrably has no liabilities.

“The business was sold to a publicly traded clean shell to achieve rapid liquidity for the owners.”

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Meanings

nounclean shell (plural clean shells)

plural clean shells

  1. businessA legal entity that demonstrably has no liabilities.

    The business was sold to a publicly traded clean shell to achieve rapid liquidity for the owners.

Cite this entry
APA

clean shell. (n.d.). In WatkinsX Dictionary. Retrieved November 2, 2026, from https://dictionary.watkinsx.com/word/clean%20shell

MLA

“clean shell.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/clean%20shell. Accessed November 2, 2026.

Chicago

WatkinsX Dictionary, s.v. “clean shell,” accessed November 2, 2026, https://dictionary.watkinsx.com/word/clean%20shell.

Source: clean shell on Wiktionary, CC BY-SA 4.0.