According to investopedia:
A fire sale consists of selling goods or assets at heavily discounted prices. Fire sale originally referred to the discount sale of goods that were damaged by fire. Now it more commonly refers to any sale where the seller is in financial distress. In the context of the financial markets, a fire sale refers to a situation where securities that are trading well below their intrinsic value, such as during prolonged bear markets.
If I wanted to convey this kind of meaning without the undue 'jargony' connotation that "fire sale" has, what are my options? I had a few ideas, but either they don't exactly roll off the tongue or they seemed to lose part of the feeling, and I wondered if there was anything more conventional.
I want something that sounds slightly more formal; can be multiple words.
- heavily discounted (lacks fear/awe component)
- distressed stocks (vague?)