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Resale Meaning: Definition, Examples, and Translations

๐Ÿ”„
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resale

[หŒriหหˆseษชl ]

Definition

Context #1 | Noun

selling again

Resale refers to the act of selling a product or item to another buyer after it has been purchased from the original seller. This practice often involves goods that have been used or refurbished, but can also apply to new items. Resale markets can vary widely, including online platforms, thrift shops, and legal auctions. The concept is crucial in sustainability practices as it promotes the reuse of products, thereby reducing waste and resource consumption.

Synonyms

re-sale, reselling, secondhand sale.

Examples of usage

  • I bought this dress on resale for half the original price.
  • The resale value of cars can vary significantly.
  • Many people turn to resale markets for rare collectibles.
  • She specializes in resale of vintage furniture.

Translations

To see the translation, please select a language from the options available.

Origin of 'resale'

The term 'resale' is derived from the prefix 're-', meaning 'again' or 'back', and the word 'sale', which comes from the Old English 'sรฆlan', meaning 'to give' or 'to sell'. The combination underscores the action of selling something again after it has already been sold once. The concept of resale has evolved with commerce, becoming more pronounced with the rise of the second-hand market. The increase in digital platforms in the 21st century has further accelerated the growth of resale activities, providing consumers with diverse options for both buying and selling used goods. As sustainability concerns rise, many people are opting for resale as a way to reduce consumption and waste. Resale markets have become popular in recent years, with individuals looking to both declutter and make a profit on items they no longer need.

Word Frequency Rank

Ranked #10,942, this word falls into high-advanced vocabulary. It appears less frequently but is valuable for expressing precise meanings in specific contexts.