| 1. | a special sale of merchandise actually or supposedly damaged by fire. |
| 2. | a sale, as of assets, at reduced prices, in order to raise money quickly. |
| fire sale n. A sale of merchandise damaged by fire. |
Fire Sale
A situation in which the prices of securities in the financial markets are considered to be very low.
Investopedia Commentary
Typically, a fire sale situation is a good time to buy however, be sure to still do your homework, as not all securities will be underpriced.
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See also: In the Penalty Box, Undervalued, Value Investing, Value Stock, Value Trap