fire sale

plural fire sales

1. idiomaticA clearance sale at greatly reduced prices, often at losses.

   The fire sale comes a week after FTX provided a $250 million emergency line of credit to BlockFi.

   2022 June 30, Kate Rooney, “FTX closes in on a deal to buy embattled crypto lender BlockFi for $25 million in a fire sale, source says”, in CNBC

   2 more examples

   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.

   2015, Chris Lehmann, ‘The Candidates’, London Review of Books, volume 37, number 12

   Bruce was happy with a point and is now focused on surviving a fire-sale at 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.

   2015 August 16, Press Association, “Wolves rescue point against Hull thanks to Allan McGregor howler”, in The Guardian