Fire sale: Difference between revisions
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imported>Doug Williamson (Create the page. Source: http://dictionary.cambridge.org/dictionary/english/fire-sale) |
imported>Doug Williamson (Classify page.) |
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Revision as of 14:32, 1 July 2022
1.
A sale of assets at unusually low prices, resulting from the seller being in desperate need of the sale proceeds, for example when facing insolvency.
Also known as a 'forced sale'.
2.
Originally, a sale of goods when the goods or retail premises had been damaged by fire.
