English version

asset stripping in Finance topic

From Longman Dictionary of Contemporary Englishasset strippingˈasset ˌstripping noun [uncountable]  BFthe practice of buying a company cheaply and then selling all the things it owns to make a quick profit – used to show disapproval
Examples from the Corpus
asset strippingI have made clear the actions that we shall take to avoid asset stripping.We obviously want to avoid asset stripping and the selling on of assets at a large profit.There could be asset stripping, with the new owner selling bus stations for a quick profit.Unless there are safeguards in the Bill, there will be asset stripping and property rip-offs on a grand scale.At the extreme, tax advantages gave rise to downright asset stripping.It is obviously important to ensure that there is no asset stripping.He says they're not in the business of asset stripping.What happened there was a classic example of asset stripping.