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
   "They hived off profits into offshore accounts";
   - divert

Derived forms: hived off, hiving off, hives off

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