About Fire Sale
A fire sale is the sale of goods at extremely discounted prices. The term originated in reference to the sale of goods at a heavy discount due to fire damage. A good example would be in Heatons in 1993. It may or may not be defined as a closeout, the final sale of goods to zero inventory.
Bank of England steps in again to calm markets
... " Dysfunction in this market, and the prospect of self-reinforcing Fire Sale dynamics pose a material risk to UK financial stability, " it warned...
War in Ukraine: Russian debt default 'imminent', warns agency
... " It will only service it in much depreciated roubles anyway and foreign investors are offloading it at Fire Sale prices...
Spencon: Inside the collapse of an African giant construction
... As well as the security, the two leaders, entrusted him with a Fire Sale of Spencon equipment...
UK's biggest commercial property fund suspended
... This will allow assets to be sold over time, rather than as a Fire Sale, in order to meet investors withdrawal demands...
Top stockpicker's flagship fund to be wound up
... He said investors should prepare themselves for the possibility of bigger financial losses as a Fire Sale of the Woodford fund s assets takes place...