Meaning of the word "sell off" in English

What does "sell off" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

sell off

US /sel ˈɔːf/
UK /sel ˈɔːf/
"sell off" picture

Phrasal Verb

1.

to sell something, often quickly and at a reduced price, especially when a company is in financial difficulty or wants to get rid of assets

Example:
The company had to sell off its non-essential assets to avoid bankruptcy.
Investors started to sell off their shares as the market declined.
Learn This Word at Lingoland