hive off

Verb
  1. Remove from a group and make separate (synset 202473888)
    "The unit was hived off from its parent company"
    is a type of: discriminate, separate, single out - treat differently on the basis of sex or race
  2. Withdraw (money) and move into a different location, often secretly and with dishonest intentions (synset 202316994)
    is a type of: draw, draw off, take out, withdraw - remove (a commodity) from (a supply source)
    same as: divert

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