Definition, Meaning & Synonyms
fire-sale
noun
/ˈfaɪər seɪl/
Definition
A fire-sale is a situation where goods are sold at significantly reduced prices, often due to urgent need to sell items quickly, such as to raise cash or dispose of inventory after a disaster.
Examples
- After the store closed, they held a fire-sale to clear out remaining stock.
- Due to the unexpected circumstances, the company had a fire-sale on its assets.
Meaning
It refers to the selling off of merchandise at a steep discount, usually in response to financial distress or to clear out inventory.
Synonyms
- liquidation sale
- clearance sale
- bargain sale
