distress sale

American  

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.

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Etymology

Origin of distress sale

First recorded in 1880–85

Example Sentences

In other words, it would be akin to a distress sale, a further blow for ByteDance's bottom line.

From BBC

The letter said the closure was “not a liquidation, clearance or distress sale,” and the company was not facing financial difficulties.

From Los Angeles Times

Just 10 years later, the Newseum is shrinking into an uncertain future, the distress sale of its building to Johns Hopkins University marking the end of a troubled tenure that has become a cautionary tale of bloated budgets and unrealized ambition.

From Washington Post

That anyone would sell at such a large loss suggests a distress sale.

From New York Times

Of course, one billionaire’s distress sale is another’s bargain.

From New York Times