Fire Sale

The type of sale you might have to undertake to sell off your company and all of its assets if it’s damaged, i.e., in major financial distress. The idea is to sell off all of the parts of the business that you can, piece by piece and often at heavily discounted prices, in order to recoup some of your losses, pay off your creditors, and close up shop. (See also: Exit strategy)

« Back to Glossary Index
2017-12-12T20:34:56+00:00

Leave A Comment