fire-sale
Everything must go
A fire sale is a sale of goods at drastically reduced prices, originally merchandise damaged by fire.
The term now applies broadly to any rushed liquidation at steep discounts, often suggesting desperation: The company held a fire-sale of assets to avoid bankruptcy.
As a modifier, fire-sale describes such prices: They picked up the equipment at fire-sale prices.
Take without permission
- dealAgreement or distribution
- discountReduced price offered
- markdownReduction in retail price
- slashAngled line or swipe
cheap · underpriced · rock-bottom · giveaway · dirt-cheap · cut-rate · half-price · bargain-basement
Legal status when insolvent
- insolvencyInability to pay debts
- auctionCompetitive public sale
- creditorsThose owed payment
- receivershipCourt-ordered asset management
assets · distressed · foreclosure · wind-down · dissolution · debt · restructuring · closeout
Driven by urgent need
- forcedMade to occur unwillingly
- rushedDone with excessive speed
- hastyExcessively quick, ill-considered
- panicUncontrollable sudden fear
immediate · quick · pressured · time-sensitive · last-minute · limited-time · fleeting · hurried
steal
Take without permission
slash · cheap · underpriced · rock-bottom · giveaway · dirt-cheap · cut-rate · half-price · bargain-basement · knockdown
bankruptcy
Legal status when insolvent
- insolvencyInability to pay debts
- auctionCompetitive public sale
- creditorsThose owed payment
receivership · assets · distressed · foreclosure · wind-down · dissolution · debt · restructuring · closeout · divestiture
desperate
Driven by urgent need
- forcedMade to occur unwillingly
- rushedDone with excessive speed
- hastyExcessively quick, ill-considered
panic · immediate · quick · pressured · time-sensitive · last-minute · limited-time · fleeting · hurried
fire-salepremium pricing
Charging above competitors deliberately
full price · top dollar · markup · at a premium · retail price
fire-saleseller's market
Conditions favoring vendors
bidding war · hot property · holding out · competitive bidding · in-demand
fire, sale, fiery, sales, seller, salesman, salesperson, resale, sellers