distress sale

noun
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:
1880–85

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Based on the Random House Dictionary, © Random House, Inc. 2014.
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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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