# phoenixing

Pronunciation: say "FEE-nik-sing" /ˈfinɪksɪŋ/

## Verb

1. Present participle and gerund of phoenix. *(Australia)* — present participle and gerund of phoenix
   - Simple: Present participle and gerund of phoenix. Use it after words like is or was, or to name the action.
   - _Regulators accused the directors of phoenixing the firm, moving its assets to a new company the day before it collapsed._
   - _By phoenixing the business, the owners left suppliers and tradies unpaid and kept trading under a new name._

## Noun

2. Gerund of phoenix. — gerund of phoenix.
   - Simple: Gerund of phoenix. It names moving a business's property to a new company to avoid its debts.
   - _Union leaders called for tougher penalties for phoenixing after another builder collapsed owing money to dozens of tradies._
   - _The regulator has made phoenixing a priority, warning directors that they can be banned for it._

Source: DictionaryAI, https://dictionaryai.com/define/phoenixing (written from Wiktionary data, CC BY-SA 4.0: https://creativecommons.org/licenses/by-sa/4.0/).