short sale

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Definitions from WordNet

Noun short sale has 1 sense

short sale, short selling - sale of securities or commodity futures not owned by the seller (who hopes to buy them back later at a lower price)
--₁ is a kind of trading

Definitions from the Web

Short Sale

Definition

A short sale refers to the sale of a property at a price lower than the outstanding mortgage balance, usually with the permission of the lender. This is often done to avoid foreclosure and minimize losses for all parties involved.

Examples

Noun: The house went into a short sale after the owners were unable to keep up with the mortgage payments.

Verb: They decided to short sale their property in order to cut their losses.

Adjective: The short sale price attracted many potential buyers.

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