One of the mysteries of the English language finally explained.
A sale of goods or assets at reduced prices to raise much-needed funds.
- ‘The decline in prices may force a distress sale of collateral assets that, in turn, depresses asset prices.’
- ‘Those prices indicate a severe distress sale in themselves.’
- ‘The food processing sector has a role to play in protecting the farmers against distress sale.’
- ‘And in just recent times, the villagers lost over 30 bullocks in distress sales.’
- ‘Dimon, hoping to do much the same at Bank One, is betting that distress sales in the coming year could help him.’
- ‘Despair has driven new records in the distress sales of farm animals.’
- ‘He testified it was in effect a distress sale because the equipment was rusting in the snow and he had no choice but to sell it.’
- ‘For the past two years distress sale has become a common phenomenon.’
- ‘I haven't seen any distress sales which you would expect if there was a problem with inventory.’
- ‘AT&T's late March announcement highlights the strategy of exploiting DSL distress sales.’
- ‘There has been a large scale distress sale of milch cattle because of the drought in this belt.’
- ‘If the company is not running, the assets will not fetch its market price but only the distress sale price.’
Top tips for CV writingRead more
In this article we explore how to impress employers with a spot-on CV.