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Asset Sale

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Asset Sale
The sale of a loan by a bank to a third party. An asset sale ensures that the bank receives cash for a loan it has made and reduces its potential for bad debt. It removes the loan from the bank's portfolio, unless the bank has an agreement with the third party to take the loan back in the event of default.


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The affirmative vote of the holders of a majority of the outstanding shares of the Company's common stock was required to authorize the proposed asset sale to Chemring.
com) which Carlton is utilizing to further increase the success of its industry leading sealed bid and oral auction asset sale business.
has closed three asset sale transactions in the last month that have generated around $100 million in cash.
 
 
 
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