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distress sale

a sale held for the purpose of raising money to meet emergency expenses and usually offering goods at a substantial discount for the payment of cash.
Origin of distress sale
1880-85 Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2015.
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Examples from the web for distress sale
  • Prepare notary certifications, register bail agents, and process applications for license for distress sale.
  • The basic premise of a bankruptcy transaction is that it is a distress sale.
  • However, he did not want a distress sale of the condominium.

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