| 单词 | fire sale |
| 释义 | fire saleDefinition Liquidation of a firm's assets at prices far below their fair market value (FMV) to achieve a quick sale, either to avoid a financial disaster or to satisfy the debts of an insolvent or bankrupt firm. Banks and other lenders usually value a firm assets at their fire sale value to judge their worth as collateral. Use 'fire sale' in a SentenceThe fire sale was going on, so we rushed to the store to get some of the amazing prices being offered. You may need to have a fire sale and get rid of everything if you need to change the location of your business. If you need more room on your shelves for a new product you may need to have a fire sale for your old products. |
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