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go belly up |
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go belly up (informal) if a business goes belly up, it fails. Factories and farms went belly up because of the debt crisis. See also: belly go belly up to fail. My company announced layoffs, so I found another job, and then my new company went belly up. Usage notes: usually said about business and other organizations Etymology: based on the idea of a dead animal found lying on its back, with its belly (= stomach) facing up See also: belly |
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However, the insurance industry, which saw more than two dozen workers' compensation companies go belly up when the market collapsed six years ago, claims it has reason to be cautious. To the extent there will be third-party claims involving members of the public, the public will be harmed if these companies [risk retention groups] go belly up. Formed by the government in 1974, this entity was entrusted with ensuring the pensions of companies that go belly up. |
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go belly up
