1. fire sale - Noun
2. fire sale - Adjective
a sale of merchandise supposedly damaged by fire
a sale of assets at very low prices typically when the seller faces bankruptcy
Source: WordNetfire-sale
Citing the example of the South Asian crisis in 1997, Viral Acharya said that a large number of public sector banks in the region had to be privatised post the crisis and in many cases were sold at fire sale prices to private equity investors from abroad. Source: Internet
And Debenhams will launch a pre-Christmas fire sale of all its stock as it heads for oblivion today after 242 years of trading with 12,000 jobs set to go. Source: Internet
Let's say Teekay were to offload any vessels 15 years or older for fire-sale prices, let's assume 1/3 of the fair market value which is likely around scrap values. Source: Internet
Now that Wynne has opted to partially privatize the Hydro One transmission utility, Brown denounces it daily as a fire sale. Source: Internet
I’ve got to tell you, I used to own a show Porsche that was probably worth $68,000 US and I had to fire-sale it when we needed the money for the business. Source: Internet
To scrape together funds, Damascus could be forced to continue its fire sale of land and energy concessions to politically-connected profiteers and foreign allies. Source: Internet