Hive Off (Verb)
Meaning 1
Remove from a group and make separate; "The unit was hived off from its parent company".
Classification
Verbs of political and social activities and events.
Examples
- A spin-off company was hived off from the tech giant to focus on its AI research.
- The subsidiary was hived off from the parent company and became a standalone business.
- The production arm was hived off to allow the main company to focus on its creative work.
- The failing division was hived off to minimize the financial impact on the entire organization.
- The research team was hived off from the main company to develop its cutting-edge technology.
Hypernyms
Meaning 2
Withdraw (money) and move into a different location, often secretly and with dishonest intentions.
Classification
Verbs of buying, selling, owning.
Examples
- The company was accused of hive off millions of dollars from investors into offshore accounts to avoid paying taxes.
- Many suspected that the corrupt politician had hived off a large sum of money to fund his lavish lifestyle.
- The executives were found to have hived off company funds into their personal accounts to hide the true financial state of the business.
- The con artists hived off the money from their victims' bank accounts to fund their next scheme.
- After hiving off a substantial portion of the charity's donations, the directors were arrested for embezzlement.