Entry from US English dictionary
A sale of goods or assets at reduced prices to raise much-needed funds.
- The decline in prices may force a distress sale of collateral assets that, in turn, depresses asset prices.
- Those prices indicate a severe distress sale in themselves.
- If the company is not running, the assets will not fetch its market price but only the distress sale price.
For editors and proofreaders
Syllabification: dis·tress sale
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