going concern

Noun

going concern (plural going concerns)

1. A successfully operating enterprise.
   • If the bank does not act swiftly to push the CDS price back down, the regulator seizes the assets, wipes out shareholders and sacks the management. The bank is recapitalised as a going concern and later sold.2009 May 14, “Dilute or die”, in The Economist
   • At Acromas, the balance sheet is more than £1bn in the red [...] and a pre-tax loss of £300m was recorded in the year to January 2009. But Acromas is still regarded as a viable going concern.2010 February 22, The Guardian
2. (broadly) A person who is active, thriving, energetic, and highly successful in their endeavors.
   • ‘H’m! he’s dead orright...I never seen anyone look deader ’n that...though at any time, at th’ best o’ times, he was never what you’d call a goin’ concern.’1911, ‘Steel Rudd’, The Book of Dan, Brisbane: University of Queensland Press, published 1970, page 73