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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

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One campaigner - who contacted BBC Scotland News but declined to be named - said the ongoing development amounted to "asset-stripping a nature site".

From BBC May 3, 2026

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

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

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

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

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