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asset stripping

   Also found in: Wikipedia, Hutchinson 0.03 sec.
asset stripping
The sale of selected assets of an acquired company generally for the purpose of raising money to pay off some of the debt incurred in financing the acquisition.
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Thus they persist in asset stripping, moving capital abroad, and tax evasion, although such practices yield terrible economic consequences for the country as a whole.
Realism about Russia by Odom, William E. / The National Interest
Resources are squandered in this process of asset stripping, and the public soon loses patience with such "pirate capitalism.
Velvet devolution by Reason
The Union stated that Grupo Mexico's asset stripping and poor management of Asarco set the stage for the bankruptcy filing.
News From USW: Steelworkers Condemn Grupo Mexico for Bankrupting ... by Business Wire
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