Definition

1. Noun:
   • The act of selling something that one has previously bought: "Resale" refers specifically to the transaction of selling an item that was originally purchased by the seller.

Usage

• "Resale" is used as a noun to describe the secondary sale of goods. It is commonly associated with markets for used items, tickets, or property.
• It often appears in contexts discussing value, legality, or conditions, such as "resale price," "resale market," or "for resale."

Examples

• Noun:
  • The contract forbids the resale of the software license.
  • He bought the vintage car with the intention of its future resale.
  • The resale value of this brand's products remains high.

Advanced Usage

• "For resale": Describes an item purchased with the specific intent to sell it again.
  • The distributor buys products in bulk for resale to local retailers.
• "Right of resale": A legal term referring to a seller's entitlement to resell goods, especially if the original buyer fails to pay.
  • The unpaid seller may exercise a right of resale.

Variants and Related Words

• Resell (verb): To sell something one has bought.
  • It is illegal to resell these concert tickets above face value.
• Reseller (noun): A person or company that sells goods they have purchased from a manufacturer or distributor.
  • She works as a software reseller.

Synonyms

• Reselling: The act of selling again.
• Second-hand sale: A sale of a used item.

Related Phrases

• Resale price maintenance: A practice where a manufacturer sets a minimum price for the resale of its products by retailers.
  • The company was accused of unlawful resale price maintenance.

Noun

1. the selling of something purchased