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third-person singular simple present sells off, present participle selling off, simple past and past participle sold off
(transitive) To sell asset(s) for the purpose of getting rid of them quickly rather than for maximizing profit. quotations examples
When Cyril goes searching for his deadbeat father, he’s also looking for his bike, and he’s devastated to discover his dad sold it off to make ends meet.
March 15 2012, Soctt Tobias, The Kid With A Bike [Review]