"Texas two-step" meaning in All languages combined

{
  "forms": [
    {
      "form": "Texas two-steps",
      "tags": [
        "plural"
      ]
    }
  ],
  "head_templates": [
    {
      "args": {},
      "expansion": "Texas two-step (plural Texas two-steps)",
      "name": "en-noun"
    }
  ],
  "lang": "English",
  "lang_code": "en",
  "pos": "noun",
  "senses": [
    {
      "categories": [
        {
          "kind": "other",
          "name": "English entries with incorrect language header",
          "parents": [
            "Entries with incorrect language header",
            "Entry maintenance"
          ],
          "source": "w"
        },
        {
          "kind": "other",
          "name": "Undetermined quotations with omitted translation",
          "parents": [
            "Quotations with omitted translation",
            "Entry maintenance"
          ],
          "source": "w"
        },
        {
          "kind": "topical",
          "langcode": "en",
          "name": "Business",
          "orig": "en:Business",
          "parents": [
            "Economics",
            "Society",
            "Social sciences",
            "All topics",
            "Sciences",
            "Fundamental"
          ],
          "source": "w"
        },
        {
          "kind": "topical",
          "langcode": "en",
          "name": "Law",
          "orig": "en:Law",
          "parents": [
            "Justice",
            "Society",
            "All topics",
            "Fundamental"
          ],
          "source": "w"
        }
      ],
      "examples": [
        {
          "ref": "Levin, Matt (2023 February 1) “Johnson & Johnson’s Bankruptcy Didn’t Work”, in Money Stuff, Bloomberg",
          "text": "This is called the “Texas two-step.” In its extreme form it sounds like very bad cheating: You can’t really put all the liabilities and none of the money in the box; that is just a way to defraud victims, and surely they’d find a way to do something about it. But a milder form of the Texas Two-Step is that you put the liabilities in the box, put the box in bankruptcy, but have the parent company guarantee its product liabilities."
        }
      ],
      "glosses": [
        "A two-step bankruptcy strategy under US bankruptcy law in which a solvent parent company spins-off liabilities into a new company, and then has that new company declare bankruptcy."
      ],
      "id": "en-Texas_two-step-en-noun-R4kkUXO~",
      "links": [
        [
          "law",
          "law#English"
        ],
        [
          "business",
          "business"
        ],
        [
          "bankruptcy",
          "bankruptcy"
        ],
        [
          "strategy",
          "strategy"
        ],
        [
          "US",
          "US"
        ],
        [
          "solvent",
          "solvent"
        ],
        [
          "parent company",
          "parent company"
        ],
        [
          "spins-off",
          "spin-off"
        ],
        [
          "liabilities",
          "liability"
        ]
      ],
      "raw_glosses": [
        "(law, business) A two-step bankruptcy strategy under US bankruptcy law in which a solvent parent company spins-off liabilities into a new company, and then has that new company declare bankruptcy."
      ],
      "topics": [
        "business",
        "law"
      ],
      "wikipedia": [
        "Texas two-step bankruptcy"
      ]
    }
  ],
  "word": "Texas two-step"
}

{
  "forms": [
    {
      "form": "Texas two-steps",
      "tags": [
        "plural"
      ]
    }
  ],
  "head_templates": [
    {
      "args": {},
      "expansion": "Texas two-step (plural Texas two-steps)",
      "name": "en-noun"
    }
  ],
  "lang": "English",
  "lang_code": "en",
  "pos": "noun",
  "senses": [
    {
      "categories": [
        "English countable nouns",
        "English entries with incorrect language header",
        "English lemmas",
        "English multiword terms",
        "English nouns",
        "Undetermined quotations with omitted translation",
        "Undetermined terms with quotations",
        "en:Business",
        "en:Law"
      ],
      "examples": [
        {
          "ref": "Levin, Matt (2023 February 1) “Johnson & Johnson’s Bankruptcy Didn’t Work”, in Money Stuff, Bloomberg",
          "text": "This is called the “Texas two-step.” In its extreme form it sounds like very bad cheating: You can’t really put all the liabilities and none of the money in the box; that is just a way to defraud victims, and surely they’d find a way to do something about it. But a milder form of the Texas Two-Step is that you put the liabilities in the box, put the box in bankruptcy, but have the parent company guarantee its product liabilities."
        }
      ],
      "glosses": [
        "A two-step bankruptcy strategy under US bankruptcy law in which a solvent parent company spins-off liabilities into a new company, and then has that new company declare bankruptcy."
      ],
      "links": [
        [
          "law",
          "law#English"
        ],
        [
          "business",
          "business"
        ],
        [
          "bankruptcy",
          "bankruptcy"
        ],
        [
          "strategy",
          "strategy"
        ],
        [
          "US",
          "US"
        ],
        [
          "solvent",
          "solvent"
        ],
        [
          "parent company",
          "parent company"
        ],
        [
          "spins-off",
          "spin-off"
        ],
        [
          "liabilities",
          "liability"
        ]
      ],
      "raw_glosses": [
        "(law, business) A two-step bankruptcy strategy under US bankruptcy law in which a solvent parent company spins-off liabilities into a new company, and then has that new company declare bankruptcy."
      ],
      "topics": [
        "business",
        "law"
      ],
      "wikipedia": [
        "Texas two-step bankruptcy"
      ]
    }
  ],
  "word": "Texas two-step"
}