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to hive off
[phrase form: hive]
01
to separate a part of a business, organization, or group to create a new, independent entity
Examples
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.
02
to take money from one place and move it somewhere else, often secretly dishonestly
Examples
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.
