Difference between revisions of "Fire sale"
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| − | A '''fire sale''' in [[finance]] is | + | A '''fire sale''' in [[finance]] is a sale of [[asset]]s at unusually cheap [[price]]s. |
| − | 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!" There is no legal requirement that an actual fire have taken place to use the term, it is commonly used in advertising when a business is either ceasing operations, has excess inventory to clear, or in some cases has purchased a large amount of goods and wants to sell them cheap (believing that customers will come in and then spend on higher-priced goods, netting a profit for the owner). |
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!" | 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!" | ||
Revision as of 21:26, April 6, 2019
A fire sale in finance is a sale of assets at unusually cheap prices.
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!" There is no legal requirement that an actual fire have taken place to use the term, it is commonly used in advertising when a business is either ceasing operations, has excess inventory to clear, or in some cases has purchased a large amount of goods and wants to sell them cheap (believing that customers will come in and then spend on higher-priced goods, netting a profit for the owner).
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!"
