What does asset sale mean?

asset sale meaning in Law Dictionary

Selling receivables or financial loans to another party. It raises cashflow and paid down financial obligation. The buyer does not have control making use of their purchase. It is really not a true asset sale for this reason.

asset sale meaning in Business Dictionary

purchase of receivables as well as other loans to an authorized. A secured asset purchase is a non recourse cash sale of possessions from a bank or government company to a third party. The objective of a valuable asset sale is generally to boost income, decrease bad financial obligation threat and liquidation of possessions. If the sale of the assets will not give the customer complete control after repayment has been made, the exchange isn't considered a genuine asset purchase.