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.
References in periodicals archive ?
HOUSTON, July 18, 2019 (GLOBE NEWSWIRE) -- Apache Corporation (NYSE, NASDAQ: APA) today announced the completion of asset sales in the midcontinent and provided supplemental information regarding certain second-quarter 2019 financial and operational results.
AB InBev hopes to raise at least $10B from asset sales, sources told the Journal.
An often-overlooked source of capital is asset sales. In this paper, we study the choice between two financing sources: issuing securities versus selling assets.
CSN has adopted a more credit oriented financial strategy, seeking to improve its capital structure through non-core asset sales, and successful refinancing of its cross-border bonds due to 2019 and 2020.
Treasurer Curtis Pitt says Tim Nicholls should state his position on asset sales today.
Summary: Shares in troubled Australian swimwear firm Billabong plunged 58 percent to a record low Tuesday after saying takeover talks with two potential bidders had collapsed and discussions about re-financing and asset sales were underway.
Dubai may issue another sovereign bond this year and is looking at alternate means to repay its debt if asset sales don't materialise, a top official said on Tuesday.
BANKING AND CREDIT NEWS-January 3, 2012--Italy's Banca MPS to reinforce capital through asset sales, securitisations(C)2012 M2 COMMUNICATIONS http://www.m2.com
M2 EQUITYBITES-January 3, 2012--Italy's Banca MPS to reinforce capital through asset sales, securitisations(C)2012 M2 COMMUNICATIONS http://www.m2.com
Summary: Moroccan conglomerate ONA posted a surge in 2009 net income, after a mining unit narrowed losses and the group benefited from one-off gains from asset sales.
During his time with Mission Capital, Vergara has successfully closed in excess of $2 billion of asset sales. Vergara holds a bachelor's of arts from the University of Virginia, and a master of business administration in finance and management from The Wharton School at the University of Pennsylvania.
Thus, as part of this early planning, CPAs setting up a practice should consider organizing it as an S corp or LLP to facilitate asset sales, maximize flexibility and avoid adverse tax consequences.