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English definition of “distress selling”

distress selling

noun [C or U]
FINANCE the act of selling something because you do not have enough money to pay back a debt or to operate your business: Because a distress selling means the owners are being forced to sell, they usually do not receive as favorable a price as if they were able to wait for ideal selling conditions.
(Definition of distress selling noun from the Cambridge Business English Dictionary © Cambridge University Press)

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