Words / H / Law

hive-up

noun/ˈhaɪvʌp/

C2CEFR level
92/100Rarity: very rare
TechnicalRegister

The transfer of a subsidiary's business or assets upward to its parent company.

A hive-up consolidated the trade in the parent before the group was put up for sale.

Topic: Corporate law in Legal English

Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.

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More law words: Corporate law