Welcome to the Financial Times Lexicon

Browse thousands of words and phrases selected by Financial Times editors and suggest new terms for the glossary.

 

Term of the day

zombie company

A company that is kept alive by lenient creditors and low interest rates even though it is too weak to invest or expand.

 

zombie companies in the news

In January 2013 UK entertainment retailer, HMV, called in administrators putting the jobs of its 4,000 employees at risk. The crisis at HMV came hot on the heels of trouble for other British high street retailers – Comet, Jessops, JJB, Clinton and Game – which had resulted in 15,000 redundancies in the preceding months. But some economists took the...