fire sale
Definition
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.
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fire sale is in the Accounting & Auditing and Banking, Commerce & Finance subjects.
fire sale appears in the definitions of the following terms: asset specificity and going-concern principle
fire sale appears in these other term: fire sale value
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