fire sale

Language: en

Meaning: (idiomatic)Aclearancesaleat greatly reduced prices, often at losses.2015, Chris Lehmann, ‘The Candidates’,London Review of Books, volume37, number12: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 afire saleof some of the bank’s empire of debt to the Mexican billionaire Carlos Slim.2015August 16, Press Association, “Wolves rescue point against Hull thanks to Allan McGregor howler”, inThe Guardian‎[1]:Bruce was happy with a point and is now focused on surviving afire-saleat the KC Stadium before the transfer window shuts, with Tom Huddlestone linked with West Ham. “We have lost 14 players and brought in five or six but the transfer window [closing] is still three weeks away,” he said.2022June 30, Kate Rooney, “FTX closes in on a deal to buy embattled crypto lender BlockFi for $25 million in a fire sale, source says”, inCNBC‎[2]:Thefire salecomes a week after FTX provided a $250 million emergency line of credit to BlockFi.

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