English 中文网 漫画网 爱新闻iNews 翻译论坛
当前位置: Language Tips> 译通四海> 翻译服务

Fire sale

[ 2009-12-16 10:54]     字号 [] [] []  
免费订阅30天China Daily双语新闻手机报:移动用户编辑短信CD至106580009009

Fire sale

Reader's question: Dubai World has refused to offload assets at fire-sale prices to repay obligations, forcing it to seek a debt standstill, a newspaper report on Sunday quoted an unnamed source at the government-controlled firm as saying Could you explain “fire-sale price”?

My comments:

A fire sale, as name suggests, is a sale that takes place after a fire. Goods surviving the fire may be damaged, burned or at least covered in soot. If the shop continues to sell them, you can imagine they may sell them at knocked down prices.

In the above example, Dubai World refused to offload assets because it feared that if it did, it could have sustained greater losses because buyers would have been seeking extremely low prices to take advantage of its debt problems.

It turns out to be a wise policy. Dubai, if you follow the news, was 4 billions dollars in debt and has now been bailed out by Abu Dhabi.

Related stories:

Nuts and bolts

Across the board

Be in someone’s shoes

In that vein

The devil you know…

Right out of the gate


Up the ante

loose ends

Nose-bleed section

Off the rails

Keeping up with the Jones's

Benefits package

Closed-door talk

March Madness


Go to Zhang Xin's column


About the author:

Zhang Xin has been with China Daily since 1988, when he graduated from Beijing Foreign Studies University. Write him at: zhangxin@chinadaily.com.cn, or raise a question for potential use in a future column.