Definition
to offer something at a reduced price to promote purchases
The store is selling off its soon-to-be-outdated items at reduced prices to clear inventory.
Many retailers sell off last season's merchandise at discounts at the end of the season.
She decided to sell off her old furniture at a reduced price to make room for the new renovation.
to dispose of all or part of a business
The company plans to sell off a portion of its business to focus on its core products.
Many small businesses had to sell off parts of their assets during the economic crisis to stay afloat.
The founder decided to sell off the entire business to pursue new opportunities.