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English definition of “strip”

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strip

verb [T]
 
 
/strɪp/ (-pp-)
FINANCE to remove the interest payments from a bond and sell them separately from the original bond: Certain of these securities may have variable interest rates and others may be stripped.
( also strip sth down) to separate a machine or piece of equipment into separate parts in order to clean or repair it: Apprentices are taught how to strip and repair machinery. →  See also asset-stripping
(Definition of strip verb from the Cambridge Business English Dictionary © Cambridge University Press)
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