Definition of fire sale in English:

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fire sale

Pronunciation:

noun

1A sale of goods remaining after the destruction of commercial premises by fire.
Example sentences
  • Thanks to a fire sale at his local public library in Weston, Massachusetts, he picked up several books by J. Edgar Hoover and Whittaker Chambers on the communist threat.
  • Mr Cort said: ‘There's always a bargain to be had at a fire sale and this will be no different.’
  • There are reports the damaged goods were originally intended for a local fire sale.
1.1A sale of goods or assets at a very low price, typically when the seller is facing bankruptcy.
Example sentences
  • Why was no effort made to seek community comment on Council's intention to flog off assets at fire sale prices?
  • He was quick to say that the company would not engage in a fire sale of the assets.
  • Any move to put the hotel group into administration would be drastic as it would mean a fire sale of prime assets at a time when they could not be guaranteed to reach high prices.

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Line breaks: fire sale

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