/dɪˈstrɛs ˈsɛlɪŋ/ – Phrase
Definition: việc phát mãi tài sản tịch biên.
A more thorough explanation: Distress selling refers to the act of selling property or goods at a significantly reduced price due to the urgent need for cash or to alleviate financial distress. This term is often used in the context of bankruptcy or insolvency proceedings where assets are sold quickly to raise funds to pay off debts or creditors.
Example: In the event of default on the loan, the lender may proceed with distress selling of the collateral to recover the outstanding debt.