hive off
Third Person
hives off
Present Participle
hiving off
Past Tense
hived off
Past Participle
hived off
1
to separate a part of a business, organization, or group to create a new, independent entity
- The company decided to hive off its software division into a separate subsidiary.
- They plan to hive off the less profitable branch and focus on core operations.
- The university is considering whether to hive off the engineering department as its own college.
- The decision to hive off the underperforming stores helped the retail chain streamline its operations.
- They decided to hive the problematic project off from the main scope of work.
2
to take money from one place and move it somewhere else, often secretly dishonestly
- To cover up the financial irregularities, the manager tried to hive off the missing funds into various accounts.
- The accountant was fired for attempting to hive off money from clients' accounts into a personal bank account.
- The financial scandal involved executives hiving off profits through complex financial schemes.
- Investors were shocked to learn that the CEO had been hiving off company funds for personal gain.
Synonyms: