Question

What do you understand by the term ‘distress sale’? (4)​

Answer 1

Answer:

idk i do not know

Answer 2

A distress sale—also called a distressed sale—occurs when a property, stock, or other asset must be sold quickly. Distress sales often result in a financial loss for the seller who, for reasons of economic duress, must accept a lower price. The proceeds from these assets are most often used to pay debts or medical expenses or for other emergencies.

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