distress sale

distress sale definition - business

distress sale

A forced sale of something, generally at a below-market price. For example, a bank may sell a home it has obtained through foreclosure.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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