For Asset Sale we have a term and definition in Accounting.

Asset Sale (Accounting)

is the sale of certain named assets of a corporationpartnership or sole proprietorship. Usually the seller retains ownership of the cash and cash equivalents (such as Accounts Receivable) and the liabilities of the entity. The seller then will pay the liabilities with the cashany down payment and the cash equivalents as they become cash. Assets named are typically trade nametrade fixturesinventoryleasehold rightstelephone number rights and goodwill. Assets sold can be tangible or intangible.

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