What is FIRE SALE?

Selling assets at a discount to get a quick sale and avoid disaster or settle debt. This is done a deep discount in case of emergency. The collateral is valued at fire sale rates.

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Related Legal Terms
FIRE INSURANCE POLICY, MORTGAGE BILL OF SALE, FIRE RESISTANT, FIRE MAPS, ASSET SALE, FIRE RETARDANT, GAIN ON SALE OF ASSETS, CLASS-C FIRE, CLASS-B FIRE, FIRE AND ALLIED PERILS


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