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Verb: hive off
  1. Remove from a group and make separate
    "The unit was hived off from its parent company"
     
  2. Withdraw (money) and move into a different location, often secretly and with dishonest intentions
    - divert

Derived forms: hiving off, hived off, hives off

Type of: discriminate, draw, draw off, separate, single out, take out, withdraw