verb [T] repaid, repaid
to pay back or to reward someone or something:
He had to sell his car to repay the bank loan.
She repaid the loan to her mother.
[+ two objects] She repaid her mother the loan.
How can I ever repay you for all your kindness?
repayable Show phonetics
adjective
The loan is repayable (= must be repaid) over six months.
repayment Show phonetics
noun [C or U]
when you repay someone or something:
mortgage repayments
The bank demanded immediate repayment.repay your effort/time/attention, etc. MAINLY UK
If an activity, book, etc. repays your effort/time/attention, etc., it is worth the effort or time, etc. that you spend on it:
You should read this article - it would repay your time.
If you think of these children growing into adults who enjoy and appreciate classical music, then that repays our effort.
Fire Sale
n.
A sale of merchandise damaged by fire.
A situation in which the prices of securities in the financial markets are considered to be very low.Investopedia Says:
Typically, a fire sale situation is a good time to buy; however, be sure to still do your homework, as not all securities will be underpriced.
TOP STORY
The deal could still face resistance from shareholders, including two hedge funds that own large stakes in Northern Rock and have urged it not to hold a fire sale of its assets.
Separately, The Telegraph reported Sunday that Warren E. Buffett has held talks with three other Northern Rock suitors about potentially joining the bidding.
Go to Article from Reuters via The New York Times»
Go to Article from Bloomberg News»
Go to Article from The Telegraph»
A fire sale is the sale of goods at extremely low prices, typically when the seller faces bankruptcy or other impending distress. Perhaps originally based on a sale of goods at a heavy discount due to fire damage.
Use in sports
In professional sports, a fire sale occurs when a team ships many of its veteran players to other teams for less expensive players, usually for financial reasons. The term is generally thought of as separate from merely "rebuilding", because during rebuilding, teams often obtain players who are in the major leagues already or who are close to being major-league-ready. On the other hand, trades in a fire sale often result in a team receiving draft picks and prospects who have little to no major-league experience in their sport. The term comes from the perception that most teams in the aftermath of a fire sale are poor-performing, thus being in a "hellish" season.
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