# phoenixism

> English word · Noun

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

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

## Source
Compiled from Wiktionary via kaikki.org (CC BY-SA). Data vintage: 2026-05-06.
Canonical page: https://plainspell.com/en/word/phoenixism