Business Liquidation Terms

noun the act of selling something at a significantly lower price than its actual value due to urgent need or financial difficulties

• The economic downturn led to a rise in distress selling of assets by struggling companies.
• When times get tough, some people resort to distress selling to make quick cash.
• I heard John had to do some distress selling to cover his bills.
• In a panic, she resorted to distress selling her prized possessions to make ends meet.

noun a word that represents a person, place, thing, or idea

preposition a word that shows the relationship between a noun (or pronoun) and other words in a sentence

article a word that is used to specify or limit a noun

• The property was sold for pennies on the dollar compared to its original value.
• I got this designer bag for pennies on the dollar at a thrift store.
• I found a great deal on that car, got it for pennies on the dollar!
• His skills are worth much more than he's being paid, it's like getting him for pennies on the dollar.