Go under  破产

    中科云网4月6日晚间公告，正式确认"ST湘鄂债"已构成实质性违约，打破了国内公募债本金"刚性兑付"的神话。请看本报昨日的报道：

    Shenzhen-listed Internet technology company China Cloud Live Tech Group became the first company to default on corporate bond principal in China.

    Cloud Live said Tuesday that it was short 240.6 million yuan (US$38.8 million) needed to pay back 400 million yuan in debt it sold three years ago. Despite slowing growth and corporate debt levels that have spiraled in recent years, investors in bonds, trusts, and other investment products have manage to avoid widespread default as the government has sought to maintain financial stability.

    The default will throw a spotlight once more on the efficacy of China's corporate bankruptcy law, and the government's willingness to let investors incur losses when companies go under.

    报道中的go under本意是“沉没”，引申为“失败、破产”。例如：

    The company went under exactly one year after it opened.

    这家公司开张刚好一年就破产了。