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(mythology) A mythologicalbird, said to be the only one of its kind, which lives for 500 years and then dies by burning to ashes on a pyre of its own making, ignited by the sun. It then arises anew from the ashes.
(figuratively) Anything that is reborn after apparently being destroyed.
Astronomers believe planets might form in this dead star's disk, like the mythical Phoenix rising up out of the ashes.
1838 (date written), L E L[andon], chapter II, in Lady Anne Granard; or, Keeping up Appearances., volume I, London: Henry Colburn,, published 1842, →OCLC, page 17:
Lord Allerton was that modern phœnix, a young man, without a single objection.
He may not be a phœnix of cleverness in your sense; his profession is different; but it would be all the better for you to talk a little on his subjects.
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phoenix (third-person singular simple presentphoenixes, present participlephoenixing, simple past and past participlephoenixed)
(Australia) To transfer assets from one company to another to dodge liability
2019 December 17, Noel Gladstone, Carrie Fellner, “Small business flattened by 'dodgy' builders in phoenixing epidemic”, in The Sydney Morning Herald:
Australian Restructuring Insolvency and Turnaround Association CEO John Winter said phoenixing has been "endemic" for decades.
2020 September 24, Anne Davies, “Phoenixing: how unscrupulous dealers rise debt-free from the ashes of failed companies”, in The Sydney Morning Herald:
The ATO defines iIllegalphoenixing as when a new company is created to continue the business of a company that has been deliberately liquidated to avoid paying its debts, including taxes, creditors and employee entitlements.
References
^ Maria Carmela Betrò, Hieroglyphics: The Writings of Ancient Egypt (Abbeville, 1996), 108.