fire sale
nounEtymology
By metonymy, from 19th century discount sales of products that had been damaged by fire or that could no longer be stored because the storage facility had been destroyed by fire necessitating immediate sale or loss of value.
Definitions
A clearance sale at greatly reduced prices, often at losses.
- By the following year, Lehman’s enormous holdings in subprime loans were all but wiped out, and Bush was enlisted to see if he could engineer a fire sale of some of the bank’s empire of debt to the Mexican billionaire Carlos Slim.
- The fire sale comes a week after FTX provided a $250 million emergency line of credit to BlockFi.
The neighborhood
Vish — recursive loop
No curated loop yet for fire sale. Loops are being traced one word at a time while the ingestion pipeline matures.
sense glosses and etymology drawn from English Wiktionary · source · CC-BY-SA