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...
Bank of England steps in again to calm markets
The Bank of England has been forced to step in for a second day running to boost its emergency bond-buying scheme.
The Emergency move came as it warned a sell-off of government bonds was a " material risk" to financial stability.
The Bank said it would buy a wider range of bonds to help " restore orderly market conditions".
On Monday, government borrowing costs rose sharply after The Bank increased the amount of bonds it was buying before the scheme ends on Friday.
The Bank is hoping its latest move will guard against " dysfunction" in The Debt market.
It said it had seen a " further significant repricing" of government bonds since the start of the week.
" Dysfunction in this market, and the prospect of self-reinforcing 'Fire Sale ' dynamics pose a material risk to UK financial stability, " it warned.
The Bank 's move came after its announcement on Monday to double the amount of bonds it would buy alongside chancellor Kwasi Kwarteng 's decision to bring forward the date of his plan to balance the government's finances failed to reassure Markets .
Source of news: bbc.com
Fire sale Photos
