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Showing results for asset-stripping. Search instead for asset+stripper.

asset-stripping

British  

noun

  1. commerce the practice of taking over a failing company at a low price and then selling the assets piecemeal before closing the company down

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Other Word Forms

  • asset-stripper noun

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

Owners Colin Goldring and Jason Whittingham have been accused of asset-stripping the Warriors, whose men’s team has been in the Premiership since 2015.

From Seattle Times • Oct. 12, 2022

He described the plans as an "asset-stripping business plan" that will lead to the break-up of the company.

From BBC • Oct. 12, 2022

Mr Browder rightly assumed that he had overstepped the mark in his lambasting of Russian tycoons for corruption and asset-stripping.

From Economist • Jan. 29, 2015

He portrayed himself as a legitimate multi-millionaire businessman when in fact he was a bankrupt who made his living by asset-stripping companies which were in financial difficulty.

From BBC • May 17, 2013

That's because they – not their wives or daughters – were the ones most likely to be in possession of the kind of fortune that might tempt relatives into a sudden bout of legalised asset-stripping.

From The Guardian • Nov. 9, 2012