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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

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

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

Separately, the allegations of asset-stripping are both outrageous and completely and utterly untrue.

From The Guardian ● Jan. 7, 2011

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