Fire Sale (Noun)
Meaning 1
A sale of assets at very low prices typically when the seller faces bankruptcy.
Classification
Nouns denoting acts or actions.
Examples
- The retailer held a fire sale after declaring bankruptcy due to years of declining sales and increased competition.
- The company's creditors forced it to hold a fire sale of its assets to recover as much of the debt as possible.
- The local newspaper advertised a fire sale of a neighborhood store that was going out of business.
- After the airline went bankrupt, the government held a fire sale of its aircraft and equipment to raise cash.
- The fire sale of the company's assets lasted for only a week, but it attracted many bargain hunters and investors looking for cheap deals.
Hypernyms
Meaning 2
A sale of merchandise supposedly damaged by fire.
Classification
Nouns denoting acts or actions.