fire sale


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  • noun

Words related to fire sale

a sale of assets at very low prices typically when the seller faces bankruptcy

a sale of merchandise supposedly damaged by fire

Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
References in periodicals archive ?
Now, Bow Street has launched a proxy contest to facilitate its self-interested proposal or, failing that, make a quick profit by forcing a sale of the company at a "fire sale" price to the detriment of long-term Mack-Cali stockholders.
It accused Putrajaya of looking for a quick sale because it could not, or would not, afford the 'proper' upkeep of the luxury vessel, adding that such a 'fire sale' would earn the government a just a 'fraction of its true value'.
This section discusses tools to mitigate fire sale risk.
Fionn Travers-Smith from the group said: "The public is overwhelmingly opposed to the reckless fire sale of RBS back to the people who caused the financial crisis." Think tank the New Economics Foundation is warning that the Government could lose PS13bn on the RBS sale.
Some experts have calculated the fire sale of RBS shares will see the taxpayer lose as much as PS14 billion.
Mick Cash, general secretary of the Rail, Maritime and Transport union, said: "It is clear that a fire sale of the remaining assets of City Link is under way and it is outrageous that the union is being denied a meeting and proper consultation with the administrator when there is a chance to rescue jobs out of the wreckage left behind by the Christmas Day collapse of the company.
By removing the risk of a fire sale, the credit quality of CPTCBs can
THE Government's controversial plans to privatise the Royal Mail came under fresh attack today when Labour accused the coalition of a "fire sale" to raise badly-needed finances.
Global Banking News-March 14, 2013--Clydesdale Bank fire sale ruled out(C)2013 ENPublishing - http://www.enpublishing.co.uk
Moxey is adamant there will not be a fire sale of Wolves' leading players as the club have no financial problems.
The issue with "contract races" and "blind bids" is they are done at break neck speed (hence another name of a distressed sale being "fire sale").