What does business failure mean?

business failure meaning in Law Dictionary

business ceasing its functions following its inability which will make an income or even bring in enough income to cover its costs. The final step is definitely that business operates out-of cash.

business failure meaning in Business Dictionary

closing or cessation of business activity that leads to a loss to its lenders. Firm that stops working due to insufficient product sales or profit, or your retirement or loss of its principal without leaving any liabilities just isn't categorized as a failure.