phoenixism

P3H4O1E1N1I1X8I1S1M3

noun

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

Scrabble 24

Meanings

nounphoenixism (uncountable)
  1. uncountableThe fraudulent practice of terminating a business as bankrupt while secretly using its assets to set up another business.

Origin

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

Full word history & related roots →
Cite this entry
APA

phoenixism. (n.d.). In WatkinsX Dictionary. Retrieved November 3, 2026, from https://dictionary.watkinsx.com/word/phoenixism

MLA

“phoenixism.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/phoenixism. Accessed November 3, 2026.

Chicago

WatkinsX Dictionary, s.v. “phoenixism,” accessed November 3, 2026, https://dictionary.watkinsx.com/word/phoenixism.

Source: phoenixism on Wiktionary, CC BY-SA 4.0.