sell off a business; business transfer
Tone colorsmāmámǎmàma
Meanings
1 sense · 3 examplesverb
to sell off a business; to transfer the assets and operation of an enterprise
formalA formal business/economic term referring to the complete transfer of an enterprise's tangible assets and operational rights, often due to financial difficulties. This action is typically a last resort before bankruptcy.
Yóu由
yú于
lián连
nián年
kuī亏
sǔn损
，
Wáng王
lǎo老
bǎn板
jué决
dìng定
jiāng将
gōng工
chǎng厂
chū出
dǎo倒
。
Due to consecutive years of losses, Boss Wang decided to sell off the factory.
Zhè这
jiā家
cān餐
tīng厅
shēng生
yì意
bù不
hǎo好
，
zhèng正
zài在
xún寻
zhǎo找
mǎi买
jiā家
chū出
dǎo倒
。
This restaurant's business is poor and is looking for a buyer to take over the business.
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Chū出
dǎo倒
xié协
yì议
zhōng中
xū需
yào要
liè列
míng明
suǒ所
yǒu有
shè设
bèi备
、
kù库
cún存
hé和
bù不
dòng动
chǎn产
。
The business transfer agreement needs to list all equipment, inventory, and real estate.