Definition : Additional forced sale

An additional forced sale refers to the act of selling an asset or property under duress, beyond the initial forced sale that was previously conducted. This can occur when the original forced sale did not generate enough funds to cover the outstanding debt or when new debts have accumulated, forcing the owner to sell more assets. It is often seen as a last resort for individuals or businesses facing financial difficulties and can result in a loss of value for the asset being sold. This type of sale is typically conducted under legal pressure and can have significant consequences for the seller’s financial stability.

Discover the Precise Definitions of Marketing Terms

Generic filters
Exact matches only
Search in title
Search in content
Search in excerpt