asset protection

noun

Definitions of asset protection

legal methods and laws dealing with protecting assets of individuals and business entities from civil money judgments; a plan that protects some, most or all of your assets from liability

Liechtenstein was one of the first nations in the world to adopt specific offshore asset protection laws.

an insurance scheme designed to help banks and other lending institutions with bad loans (=money it has lent to someone that is unlikely to be repaid)

The Asset Protection Scheme was launched in February to restore confidence to the banking sector.