See Also: Asset stripper(money)
Asset stripper(finance)
stripper(1)(dictionary)
stripper(2)(dictionary)
stripper(dictionary)
stripper's asthma(medicine)
vein stripper(medicine)
interproximal stripper(medicine)
paint stripper(dictionary)
Jack Stripper - Poker(gambling)

Asset stripper (finance)


A special form of irrevocable trust, usually created (settled) offshore for the principal purposes of preserving and protecting part of one's wealth offshore against creditors. Title to the asset is transferred to a person named the trustee.