Definition of asset stripping in English:
asset stripping
nounˈasɛt ˌstrɪpɪŋˈæsɛt ˌstrɪpɪŋ
mass nounThe practice of taking over a company in financial difficulties and selling each of its assets separately at a profit without regard for the company's future.
Example sentencesExamples
- We are exporting our manufacturing base and government policy is contributing to this asset stripping.
- If the company declares bankruptcy within two years of the deal you risk being charged with conspiracy in asset stripping and could lose the property without compensation or recourse.
- This looks like asset stripping of the worst kind.
- Unlike employees of a large enterprise, employees/owners of a small enterprise are less likely to rely upon profit reserves and asset stripping for the immediate improvement of their living conditions.
- However, his ‘company limited by guarantee’ does not exist and will have to compete against private asset-stripping bids for the tracks.
- Out there in the world of university money and politics we are witnessing thinking and planning that involves sly manoeuvring, takeover bids, and asset stripping.
- For decades, a string of managers have had to preside over the board's policy of asset stripping, as a succession of our best players have been sold off.
- One of Scotland's most famous private schools has rejected claims of asset-stripping after buying an exclusive girls' college, only to close it down a year later.
- The asset stripping had begun long before last week.
- The prohibition had its origins in the common law objections to a company reducing its capital and legislative fears of asset-stripping takeovers.
- In the short term it could have had the advantage of preventing any asset stripping and in the medium term it might have revitalised union organisation.
- When working on controversial buy-outs, they have been accused of asset stripping and looking to make a fast buck without caring about the future of employees.
- The greatest asset-stripping scandals occurred in companies that remained under state control.
- They would be free to pick and choose which services to provide and which to withdraw, and free to embark on asset stripping.
- It is disgraceful that hard working people can have their lives turned upside down by the sale of an estate over their heads in what is an exercise in asset-stripping.
- ‘It seems to be a clear case of asset stripping by a multinational company,’ he said.
Definition of asset stripping in US English:
asset stripping
nounˈæsɛt ˌstrɪpɪŋˈaset ˌstripiNG
The practice of taking over a company in financial difficulties and selling each of its assets separately at a profit without regard for the company's future.
Example sentencesExamples
- Unlike employees of a large enterprise, employees/owners of a small enterprise are less likely to rely upon profit reserves and asset stripping for the immediate improvement of their living conditions.
- In the short term it could have had the advantage of preventing any asset stripping and in the medium term it might have revitalised union organisation.
- The greatest asset-stripping scandals occurred in companies that remained under state control.
- The prohibition had its origins in the common law objections to a company reducing its capital and legislative fears of asset-stripping takeovers.
- Out there in the world of university money and politics we are witnessing thinking and planning that involves sly manoeuvring, takeover bids, and asset stripping.
- They would be free to pick and choose which services to provide and which to withdraw, and free to embark on asset stripping.
- One of Scotland's most famous private schools has rejected claims of asset-stripping after buying an exclusive girls' college, only to close it down a year later.
- If the company declares bankruptcy within two years of the deal you risk being charged with conspiracy in asset stripping and could lose the property without compensation or recourse.
- For decades, a string of managers have had to preside over the board's policy of asset stripping, as a succession of our best players have been sold off.
- We are exporting our manufacturing base and government policy is contributing to this asset stripping.
- It is disgraceful that hard working people can have their lives turned upside down by the sale of an estate over their heads in what is an exercise in asset-stripping.
- ‘It seems to be a clear case of asset stripping by a multinational company,’ he said.
- The asset stripping had begun long before last week.
- This looks like asset stripping of the worst kind.
- However, his ‘company limited by guarantee’ does not exist and will have to compete against private asset-stripping bids for the tracks.
- When working on controversial buy-outs, they have been accused of asset stripping and looking to make a fast buck without caring about the future of employees.