ASSET STRIPPING Definition

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ASSET STRIPPING is buying a business and then realizing a profit by selling off the assets separately.

Learn new Accounting Terms

FINANCIAL ACCOUNTING is the area of accounting concerned with reporting financial information to interested external parties.

SYNERGY is the working together of two or more things to produce an effect greater than the sum of their individual effects. For example, in the context of mergers, cost synergy is the savings in operating costs expected after two companies, who compliment each others strengths, join.

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