Business and Personal Finance Dictionary

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• LIQUIDATION SALE
  
  Now we're talking extreme savings. A liquidation sale is generally held by a store going out of business in order to completely unload stock. Discounts often start at about 30 percent and go up to 75 percent and more, as the store counts down its final days. Note: Various state and local laws may regulate going-out-of-business sales. For example, there can be a limit as to how long a store may lawfully hold such a sale. If you're thinking of taking advantage of a local business' "Everything must go!" sale, and the store's been "going" for about 10 years, you might want to think again.
  
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