Difference between revisions of "Fire sale"
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| − | A '''fire sale''' is an emergency sale of assets at unusually cheap prices, because the owner desperately needs cash. | + | A '''fire sale''' in finance is an emergency sale of assets at unusually cheap prices, because the owner desperately needs cash. |
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| + | 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!" | 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!" | ||
| − | + | [[Category:Finance]] | |
| + | [[Category:Science fiction]] | ||
Revision as of 18:18, October 13, 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!"