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Wall Street has turned the economy into a giant asset-stripping scheme, one whose purpose is to suck the last bits of meat from the carcass of the middle class.
Matt Taibbi

Meaning of "asset-stripping" in the English dictionary

Dictionary
DICTIONARY
section

PRONUNCIATION OF ASSET-STRIPPING

asset-stripping play
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GRAMMATICAL CATEGORY OF ASSET-STRIPPING

noun
adjective
verb
adverb
pronoun
preposition
conjunction
determiner
exclamation
Asset-Stripping is a noun.
A noun is a type of word the meaning of which determines reality. Nouns provide the names for all things: people, objects, sensations, feelings, etc.

WHAT DOES ASSET-STRIPPING MEAN IN ENGLISH?

Asset stripping

Asset stripping involves selling the assets of a business individually at a profit. The term is generally used in a pejorative sense as such activity is not considered productive to the economy. Asset stripping is considered to be a problem in economies such as Russia or China that are making a transition to the market. In these situations, managers of a state-owned company have been known to sell the assets which they control, leaving behind nothing but debts to the state. A fictional example of asset stripping can be found in the 1987 film Wall Street. In this film, the ruthless investor Gordon Gekko, played by Michael Douglas, purchases the failing airline Blue Star, under the pretense that he will restructure the company and return it to profitability. However, we later learn that he intends to liquidate all of the company's assets. This example has eerie echoes of the real case of airline TWA, which was subject to a takeover by Icahn Enterprises, led by activist investor Carl Icahn, in 1985.

Definition of asset-stripping in the English dictionary

The definition of asset-stripping in the dictionary is the practice of taking over a failing company at a low price and then selling the assets piecemeal before closing the company down.

WORDS THAT BEGIN LIKE ASSET-STRIPPING

assessment method
assessment procedure
assessment process
assessment tests
assessor
assessorial
assessorship
asset
asset management
asset value
asset-backed fund
asset-stripper
assetless
assets
assever
asseverate
asseveratingly
asseveration
asseverative
assez

WORDS THAT END LIKE ASSET-STRIPPING

camping
clipping
dripping
dropping
flipping
home shopping
hopping
mapping
overlapping
popping
propping
shipping
shopping
stepping
stopping
stripping
swapping
tapping
tipping
topping
wrapping

Synonyms and antonyms of asset-stripping in the English dictionary of synonyms

SYNONYMS

Translation of «asset-stripping» into 25 languages

TRANSLATOR
online translator

TRANSLATION OF ASSET-STRIPPING

Find out the translation of asset-stripping to 25 languages with our English multilingual translator.
The translations of asset-stripping from English to other languages presented in this section have been obtained through automatic statistical translation; where the essential translation unit is the word «asset-stripping» in English.

Translator English - Chinese

资产剥离
1,325 millions of speakers

Translator English - Spanish

liquidación de activos
570 millions of speakers

English

asset-stripping
510 millions of speakers

Translator English - Hindi

परिसंपत्ति अलग करना
380 millions of speakers
ar

Translator English - Arabic

تجريد الأصول
280 millions of speakers

Translator English - Russian

актив - зачистки
278 millions of speakers

Translator English - Portuguese

de alienação de património
270 millions of speakers

Translator English - Bengali

সম্পদ stripping
260 millions of speakers

Translator English - French

démembrement des actifs
220 millions of speakers

Translator English - Malay

Pelupusan aset
190 millions of speakers

Translator English - German

Asset - Stripping
180 millions of speakers

Translator English - Japanese

資産剥奪
130 millions of speakers

Translator English - Korean

자산 제거
85 millions of speakers

Translator English - Javanese

Aset-stripping
85 millions of speakers
vi

Translator English - Vietnamese

tài sản tước
80 millions of speakers

Translator English - Tamil

சொத்தை அபகரிக்கும்
75 millions of speakers

Translator English - Marathi

मालमत्तेचे वर्गीकरण
75 millions of speakers

Translator English - Turkish

mal kaçırmak
70 millions of speakers

Translator English - Italian

- asset stripping
65 millions of speakers

Translator English - Polish

rabunek
50 millions of speakers

Translator English - Ukrainian

актив - зачистки
40 millions of speakers

Translator English - Romanian

dezmembrare a activelor
30 millions of speakers
el

Translator English - Greek

εκποίηση περιουσιακών στοιχείων
15 millions of speakers
af

Translator English - Afrikaans

bate - stroping
14 millions of speakers
sv

Translator English - Swedish

tillgångs -stripp
10 millions of speakers
no

Translator English - Norwegian

aktiva - stripping
5 millions of speakers

Trends of use of asset-stripping

TRENDS

TENDENCIES OF USE OF THE TERM «ASSET-STRIPPING»

The term «asset-stripping» is normally little used and occupies the 126.176 position in our list of most widely used terms in the English dictionary.
0
100%
FREQUENCY
Little used
41
/100
The map shown above gives the frequency of use of the term «asset-stripping» in the different countries.
Principal search tendencies and common uses of asset-stripping
List of principal searches undertaken by users to access our English online dictionary and most widely used expressions with the word «asset-stripping».

FREQUENCY OF USE OF THE TERM «ASSET-STRIPPING» OVER TIME

The graph expresses the annual evolution of the frequency of use of the word «asset-stripping» during the past 500 years. Its implementation is based on analysing how often the term «asset-stripping» appears in digitalised printed sources in English between the year 1500 and the present day.

Examples of use in the English literature, quotes and news about asset-stripping

EXAMPLES

QUOTES WITH «ASSET-STRIPPING»

Famous quotes and sentences with the word asset-stripping.
1
Matt Taibbi
Wall Street has turned the economy into a giant asset-stripping scheme, one whose purpose is to suck the last bits of meat from the carcass of the middle class.

10 ENGLISH BOOKS RELATING TO «ASSET-STRIPPING»

Discover the use of asset-stripping in the following bibliographical selection. Books relating to asset-stripping and brief extracts from same to provide context of its use in English literature.
1
Corporate Social Responsibility, Corporate Restructuring and ...
The concept of “tunneling” has been coined in the Czech Republic to denote various methods by which management can engage in asset-stripping to the detriment of minority shareholder interests. Mass-privatization tends to enhance the net ...
Liangrong Zu, 2008
2
Political Economy of Transition and Development: ...
Table 2: Asset Stripping as Physical Capital from State Enterprise, per Country Source: authors' calculation Table 3 shows the distribution of asset stripping across industrial sectors, irrespective of country of operation. One way of reading the ...
Nauro F. Campos, Jan Fidrmuc, 2003
3
Network World
On one hand, as an outsider, Gerstner may bring a fresh outlook to IBM. On the other, he may be tempted to seek short- term glory by implementing an asset- stripping regime that pays little heed to the delicate internal infrastructure that makes ...
4
Act Companion to Treasury Management
The segregation of a company's assets for realisation and distribution in cash is known as asset stripping. This is usually carried out by the owners Of the company when the market price of the company's share does not fairly reflect the value ...
Valerie Hawkes, 1999
5
Excel HSC Business Studies
When they owned them, the new owners set about selling off the assets, that is, asset stripping, destroying the company and, in the process, making many workers unemployed. Often the employees did not receive their entitlements and taxes ...
Louise Fleming, 2004
6
Information Problems, Conflicts of Interest and Asset ...
Eastern Airlines' bankruptcy illustrates the devastating effect of court-sponsored asset stripping - using creditors' collateral to invest in negative net present value "lottery ticket" investments - on firm value.
Lawrence Alan Weiss, Karen Hopper Wruck, 1996
7
The Investor's Guide to Understanding Accounts: 10 Crunch ...
An extreme form of 'undervalued target as takeover target' is asset-stripping. The venture capitalists who indulged in asset-stripping in the 1960s would typically find a sleepy engineering company whose balance sheet might look like this: £m  ...
Robert Leach, 2004
8
Corporate Governance Lessons from Transition Economy Reforms
Pyramid structures or dual-class voting structures that let controllers maintain control with a fraction of a firm's cash flow rights further encourage asset stripping . Yet pyramid structures were built into many of Russia's largest enterprises. With no ...
Merritt B. Fox, Michael Heller, 2006
9
Building Big Business in Russia: The Impact of Informal ...
Asset stripping could also be achieved where company managers, under threat of a hostile takeover, transferred assets to an affiliated entity, prior to the takeover, in order to protect their assets.70 In the energy sector, Russia's oil majors, such ...
Yuko Adachi, 2013
10
Annual World Bank Conference on Development Economics 2000
But it also holds in other circumstances. Problems of Mass Privatization A good example is the most forthright policy message in the "new consensus," the contention that mass privatization was a failure because it increased asset stripping and ...
Boris Pleskovic, Nicholas Stern, 2001

10 NEWS ITEMS WHICH INCLUDE THE TERM «ASSET-STRIPPING»

Find out what the national and international press are talking about and how the term asset-stripping is used in the context of the following news items.
1
Aurora bosses facing Hawks probe
Zuma, Mandela, Thulani Ngubane, Solly and Fazel Bhana are liable for the R1.7-billion in damages resulting from the asset-stripping of the ... «iAfrica.com, Jul 15»
2
Labour's leadership hopefuls have lessons to learn from the party's …
The forced sale of 'high-value' council homes that the government is proposing, for example, is an exercise in asset-stripping that will, over time ... «New Statesman, Jul 15»
3
Five things: Constructivist funds
... is one in which managers have greater interaction with the companies they invest in, but in a sense of activism as opposed to asset-stripping. «FT Adviser, Jul 15»
4
NO SALVATION FOR PIRATE SHIP UMNO: Najib's delaying party …
... 1MDB scandals was due to “tampered” emails even while resorting to the last desperate option of a winding-up and asset-stripping of 1MDB. «Malaysia Chronicle, Jun 15»
5
Campaign launched to save threatened Rosemarkie sheltered …
“This is an asset-stripping venture designed to enable Abbeyfield Scotland to subsidise development in other parts of Scotland.” Mr Grant ... «Ross-Shire Journal, Jun 15»
6
Welsh Rare Bits
We have been totally duped by a bank that is asset-stripping farmers of their livelihood.” Over the past decade, the number of dairy cows in ... «CounterPunch, Jun 15»
7
It's time to pull the plug on our tired old talk shows
The former employees have been treated with inhumane disregard in the course of this crude asset-stripping transaction. If there is not to be an ... «Irish Independent, Jun 15»
8
Another Greek tragedy
... they are fighting hard to persuade the courts that Hellas was a good deal done at an inopportune time, not a brazen piece of asset-stripping. «The Economist, Jun 15»
9
How balance of power shifted away from monarchs
John's asset-stripping had reached its limits. He lacked the military might to defeat the barons once they joined forces. And the document he ... «The Australian, Jun 15»
10
'Where Labour goes now will affect us all'
He did not, apparently, exclude from this adulation “wealth creators” such as payday lenders and asset-stripping takeover companies. Cooper, not to be outdone ... «Morning Star Online, Jun 15»

REFERENCE
« EDUCALINGO. Asset-Stripping [online]. Available <https://educalingo.com/en/dic-en/asset-stripping>. Apr 2024 ».
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