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

DIRECT WRITE-OFF METHOD is a method of accounting for bad debts that records the loss from an uncollectible account receivable at the time it is determined to be uncollectible; no attempt is made to estimate uncollectible accounts or bad debt expense.

GROUP is a number of individual companies assembled together; often having some unifying relationship.

Suggest a Term

Enter Search Term

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