0 a sale of goods at reduced prices, especially because the shop has been damaged by fire --
1 a sale of goods at low prices because they have been slightly damaged in a fire --
2 a sale of goods at a reduced price, because the store has been damaged by fire: --
4 a sale of a business, part of a business, or its assets at a low price, because it needs money or is bankrupt --
Is this going to be a question of "fire sales" of council houses in order to get that money?
I hope that it will not lead to fire sales.
The fire sale created an excessive supply which further drove down the market price of mortgage-backed assets and the regulatory capital of banks continued to decline.
In 2005 this community of roughly 10,000 in the fifties and 5,000 in the nineties was eventually brought to an end in a mass fire sale to land developers.
Another infamous fire sale occurred in 1994.
The borrowers had narrowly avoided foreclosure only by liquidating a large amount of assets at fire sale prices to raise cash and pay off their loans in full.
Courts have been unsympathetic to attempts by such borrowers to recover fire sale losses from foreclosing lenders.
Both these effects cause the borrowers to engage in a fire sale, lowering prices and deteriorating external financing conditions.
