Difference between revisions of "Fire sale"
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| − | A '''fire sale''' in finance is an emergency sale of | + | A '''fire sale''' in [[finance]] is an emergency sale of [[asset]]s at unusually cheap [[price]]s, because the owner desperately needs [[cash]]. |
| − | Originally the term meant a sale at very low prices of damaged goods when a store had a fire. They would have a sign saying "Fire Sale: everything must go!" | + | Originally the term meant a sale at very low prices of damaged goods when a store had a [[fire]]. They would have a [[sign]] saying "Fire Sale: everything must go!" |
| − | In science fiction and the movies, a "fire sale" is a | + | In [[science fiction]] and the [[movies]], a "fire sale" is a [[computer]]ized [[attack]] on the [[government]], the transportation [[network]], and the economy by computer [[hacker]]s. The [[logic]] is that [[terrorist]]s have decided "everything must go!" |
[[Category:Finance]] | [[Category:Finance]] | ||
[[Category:Science fiction]] | [[Category:Science fiction]] | ||
Revision as of 01:58, November 25, 2008
A fire sale in finance is an emergency sale of assets at unusually cheap prices, because the owner desperately needs cash.
Originally the term meant a sale at very low prices of damaged goods when a store had a fire. They would have a sign saying "Fire Sale: everything must go!"
In science fiction and the movies, a "fire sale" is a computerized attack on the government, the transportation network, and the economy by computer hackers. The logic is that terrorists have decided "everything must go!"