Definition of fire sale in US English:
fire sale
nounˈfī(ə)r ˌsālˈfaɪ(ə)r ˌseɪl
1A sale of goods remaining after the destruction of commercial premises by fire.
Example sentencesExamples
- 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.
- Today I attended an insurance ‘fire sale’ in Auckland and purchased some great bargains and quality goods, albeit a little smoke damaged.
- 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.
- A fire sale of damaged stock is due to be held on the building's ground floor later this week.
- 1.1 A sale of goods or assets at a very low price, typically when the seller is facing bankruptcy.
Example sentencesExamples
- He was quick to say that the company would not engage in a fire sale of the assets.
- The ship was only one of a number of assets that were sold off at fire sale prices to pay off his creditors.
- Why was no effort made to seek community comment on Council's intention to flog off assets at fire sale prices?
- When the money raised from the fire sale is gone, many of the remaining debts are canceled.
- In the weeks before the company went into liquidation, major general insurance firms profited from its demise by picking up pieces of its business at fire sale prices.
- You say they can benefit from a fire sale of international communications assets?
- How could a company go from the seventh largest in America to a loose confederation of parcels at the bankruptcy fire sale in a matter of months?
- We know that the company is not going out of business and that legitimate retailers do not have to sell its products at fire sale prices.
- In all, the fire sale raised more than $300 million.
- 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.
- Instead of bailing out the company, the investors wait for it to fail and then buy the assets at a fire sale.
- A fire sale of the assets would be less than the value of our market cap and debt, so there's no point.