👉 StrikeOver is a term used in the field of accounting to describe a situation where an entity, usually a company, fails to meet its financial obligations. This can occur due to various reasons such as mismanagement, bad business decisions, or unexpected events that disrupt the normal operations and lead to a loss of income. In this context, "strikeover" refers to the period when the company is facing financial difficulties and cannot continue with its operations without immediate action. The strikeover typically lasts for several months
