What is "fire sale"

fire sale \fire sale\ n.

1. a sale of objects damaged by fire, usually at much reduced prices.

2. A sale of objects or assets at much reduced prices, often performed to raise money rapidly.

n. A clearance sale at greatly reduced prices, often at losses. Originally, a sale of product that had been damaged by fire or that could no longer be stored because the storage facility had been destroyed by fire necessitating immediate sale or loss of value.

1. n. a sale of assets at very low prices typically when the seller faces bankruptcy

2. a sale of merchandise supposedly damaged by fire

Fire Sale is a 1977 comedy film starring Alan Arkin (who also directed) as Ezra Fikus; Rob Reiner as his brother Russel; Vincent Gardenia as their father Benny; Sid Caesar as Benny's brother Sherman; Anjanette Comer as Marion (Ezra's wife); and Kay Medford as Ruth (Benny's wife).

Fire sale may refer to:

• Fire sale, the sale of goods at extremely discounted prices
  • Also used in sports to describe the situation where a team trades away many of its veteran players
• Fire Sale (film), a 1977 comedy film starring and directed by Alan Arkin
• An all-out cyberwarfare attack, the first use of the term is in the film Live Free or Die Hard
• Fire Sale, the first episode in the Super Mario World TV series.

A fire sale is the sale of goods at extremely discounted prices, typically when the seller faces bankruptcy. The term originated in reference to the sale of goods at a heavy discount due to fire damage. A fire sale may or may not be a closeout, the final sale of goods to zero inventory. Fire sales are said to occur in the financial markets when bidders who value assets highly are prevented from bidding on them, depressing the average selling price below what it otherwise would be. This lowering of the price can cause even further issues because it may be inaccurately perceived as signaling negative information.