ASSET STRIPPING Definition

Bookmark and Share

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

Learn new Accounting Terms

INCORRECT ACCEPTANCE, in accounting, is the risk the sample supports the conclusion that the recorded balance is not materially misstated when it is materially misstated.

SPECIAL-PURPOSE ENTITY (SPE) is a financing vehicle that is not a substantive operating entity, usually one created for a single specified purpose. An SPE may be in the form of a corporation, trust, or partnership. Special-purpose entities have been used for several decades for asset securitization, risk sharing, and to take advantage of tax statutes.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.