Meaning of “distressed property” in the English Dictionary

business-english dictionary

"distressed property" in Business English

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distressed propertynoun [ U ]

uk us

PROPERTY property that an owner must sell because they failed to pay their payments on a mortgage:

Commercial property markets saw an increase in foreclosures and distressed property in the third quarter.

(Definition of “distressed property” from the Cambridge Business English Dictionary © Cambridge University Press)