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  1. Bushwhacker's Avatar
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      • Native Language:
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      • Spain
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    • Join Date: Apr 2007
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    #1

    Cool Distress-sale price

    Please, meaning for concept "distress-sale price"?
    Does it mean a price very cheap or on the contrary an abusive one?

    Thanks

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    #2

    Re: Distress-sale price

    A Distress sale is an urgent sale of an asset in order to recover capital lost. It might be a business that needs money quick!

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    #3

    Re: Distress-sale price

    Attention: I'm not a teacher.

    Hi Bushwhacker,

    distress = the act of seizing goods by permission of a court of law, esp. by a landlord to obtain payment of rent in arrear. Also by a rate-collector or tax-collector to obtain payment of arrears, and by an officer of the court to obtain payment of unpaid fines.

    distress selling = selling which is forced and often therefore at a low price, such as the stock of a bankrupt business in liquidation, or of the death of the owner of property or, by court order, to pay debts.

    Regards.

    V.

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