Disposing of assets is known as selling off the family what?
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2 Answers
Disposing of assets is known as selling off the family silver. This phrase is used to describe the act of selling off valuable assets, often inherited, in order to pay off debts or other financial obligations. It is generally seen as a last resort and can have long-term negative consequences for the family.
Disposing of assets is commonly referred to as "selling off the family silver." This phrase originated in England where families, who were struggling financially, would sometimes sell off their silverware or other valuable possessions to generate money. The phrase has since expanded to refer to any situation where someone is selling valuable possessions to generate quick cash.