Fire sale

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Revision as of 17:05, 11 November 2016 by 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

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