If a person or company is involved in asset-stripping, they buy companies cheaply, sell off their assets to make a profit, and then close the companies down.
[business, disapproval]
asset-stripping in British English
noun
business
the practice of taking over a failing company at a low price and then selling the assets piecemeal before closing the company down
Derived forms
asset-stripper (ˈasset-ˌstripper)
noun
asset-stripping in Finance
(æsɛt strɪpɪŋ)
noun
(Finance: Corporate)
Asset-stripping is the act of buying companies cheaply, selling their assets to make a profit, andthen closing the companies down.
The firm was accused of asset-stripping after it sold off its wholesale business.
When the assets of the company are sold off for making quick profit instead of runningthe company for steady and long-term gain, asset-stripping is said to have occurred.
Asset-stripping is the act of buying companies cheaply, selling their assets to make a profit, andthen closing the companies down.