World English Dictionary
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 10th Edition
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Main Entry:  asset-stripping
Part of Speech:  n
Definition:  the practice of buying a failing company,then selling its assets for a profit
Example:  Asset-stripping involves selling successful parts of a company such as brand names to make a profit.'s 21st Century Lexicon
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