As outlined under Florida Statute 559.20,
Fire or Altered Goods Sale: is a sale where goods are presented in a way that leads the public to reasonably believe that the items have been damaged or altered by fire, smoke, water, or other means.
This typically suggests goods at discounted prices due to damaged or altered merchandise.
Going-Out-of-Business Sale: is a sale where goods are advertised or displayed in a manner that reasonably convinces the public that once the existing inventory is sold, the business will cease operations permanently. Such sales often offer discounts as the business aims to liquidate all remaining inventory in preparation for closure.
While both types of sales involve the liquidation of goods, they differ in their implied reasons for the sale.