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Catchword for “zombie company”
Catchword: zombie company
Filed under: , ,
Part of speech: n.
Quotation: A new phrase, “zombie companies,” was coined to describe those companies kept alive by banks even though they were insolvent. Some were property companies the value of whose assets had fallen by more than 30 per cent and with clearly no ability to repay their debts. Yet there was a reluctance to call in the loans.
Article or document title:
“Japan set for another plunge on economic rollercoaster” (URL)
Article, document, publication, web site:
Irish Times
Publishing location:
Dublin, Ireland
Date of publication:
Jan. 16, 2009
This catchword has yet to be researched.
Posted 28 Jan 09 | Permalink | Tell a Friend

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