ASSET STRIPPING Definition

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

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DEBT RATINGS is the creditworthiness of a borrower as measured in the U.S. by debt rating agencies Moody's and Standard and Poor's. A triple A (AAA) rating means that there is almost no likelihood of the borrower failing to pay.

NOTE see PROMISSORY NOTE.

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