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English definition of “asset-stripping”

asset-stripping

noun [U]     FINANCE
the activity of buying companies cheaply so that their assets can be sold separately at a profit: The buy-outs were leading to job losses and asset-stripping. Asset-stripping is not generally illegal, but many regard it as immoral, as it does little to benefit the economy.
asset-stripper noun [C]
(Definition of asset-stripping noun from the Cambridge Business English Dictionary © Cambridge University Press)
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