Extradition and Fire sale: Difference between pages
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imported>Doug Williamson (Layout.) |
imported>Doug Williamson (Create the page. Source: http://dictionary.cambridge.org/dictionary/english/fire-sale) |
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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. | |||
== See also == | == See also == | ||
* [[ | * [[Insolvency]] | ||
* [[ | * [[Market value]] | ||
Revision as of 17:05, 11 November 2016
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.