Meaning of “dormant company” in the English Dictionary


"dormant company" in Business English

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dormant companynoun [ C ]

uk us

FINANCE, WORKPLACE a company that does not trade, but may have other purposes such as protecting a brand name:

Funds were transferred to a dormant company, from which clients had access to their money in a form that was exempt from tax.

(Definition of “dormant company” from the Cambridge Business English Dictionary © Cambridge University Press)