Asset Sale
/ˈæsɛt seɪl/
Definitions
- (n.) A transaction in which a business sells its individual assets to another entity, rather than selling the company as a whole.
The company completed an asset sale to divest its manufacturing equipment.
Forms
- asset sale
- asset sales
Related terms
See also
Commentary
Asset sales often involve detailed schedules identifying transferred assets and liabilities; care is needed to specify excluded items and post-sale obligations.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.