short sale

short sale
 n.— «At Selling Paradise Realty, a sign seeks customers with a free list of properties facing foreclosure and “short sales,” meaning the price is less than the owner owes the bank.» —“This Is the Sound of a Bubble Bursting” by Peter S. Goodman in Cape Coral, Florida New York Times Dec. 23, 2007. (source: Double-Tongued Dictionary)

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