distress sale

noun

1. 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.

Word History and Origins

Origin of distress sale¹

First recorded in 1880–85

Example Sentences

“This is a distress sale but not so surprising as most travel firms have faced unprecedented stress due to Covid 19,” said Anindya Ghose, Heinz Riehl Chair professor of business at New York University’s Stern School.

From Quartz