Finesentence mobile logo
Sign in Login / Register

Resell Meaning: Definition, Examples, and Translations

๐Ÿ’ผ
Add to dictionary

resell

[riหsษ›l ]

Definition

Context #1 | Verb

selling again

To resell means to sell something again after having purchased it from someone else. This can involve selling products or items in a different market or to a different consumer. Reselling is common in various industries including real estate, e-commerce, and retail.

Synonyms

remarket, retail, retrade.

Examples of usage

  • She decided to resell the vintage dress online.
  • He often resells concert tickets for a profit.
  • The company allows retailers to resell their products.
  • They plan to resell the collectibles at a trade show.

Translations

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

Interesting Facts

Economics

  • Reselling creates a secondary market where consumers can access products at varying prices.
  • It can be an opportunity for entrepreneurs to earn income by flipping items or starting business ventures.
  • In many cases, reselling can lead to a circular economy, promoting sustainability through reusing goods.

Pop Culture

  • Many popular apps allow for reselling items like clothing, electronics, and furniture, making it easy for individuals to join.
  • Reselling has become a significant trend in fashion, with sneaker culture being a prime example where limited editions can fetch high resale prices.
  • Television shows and online series have emerged, showcasing the skills and strategies behind successful resellers.

Technology

  • The rise of e-commerce platforms like eBay, Poshmark, and Amazon has revolutionized how people resell items.
  • Social media channels (like Instagram and Facebook Marketplace) have become popular places for resellers to connect with buyers.
  • Blockchain technology is beginning to influence reselling, ensuring authenticity and secure transactions for collectibles.

Regulations

  • Some jurisdictions have laws governing reselling practices, particularly regarding consumer rights and product safety.
  • In certain cases, manufacturers may place restrictions on how their products can be resold, to maintain brand value.
  • The resell of tickets for events can be highly regulated, with many states implementing laws to combat price gouging.

Origin of 'resell'

Main points about word origin

  • The prefix 're-' means 'again' in Latin, so 'resell' literally means 'sell again.'
  • The word originated in English during the 20th century as commerce and trade evolved.
  • It has grown in usage with the rise of online marketplaces and e-commerce platforms.

The term 'resell' has its etymological roots in the prefix 're-', meaning 'again', combined with the word 'sell', which originates from the Old English 'sellan', meaning 'to give' or 'to deliver'. Over time, the concept of once more engaging in a selling process became encapsulated in 'resell', signifying the act of selling an already purchased item to another party. In the modern marketplace, the rise of online platforms has popularized the practice of reselling, making it a significant part of retail strategies worldwide. As commerce evolved through the centuries, the importance of reselling emerged particularly with the growth of consumer-centric economies, further solidifying this term's relevance in both literal and figurative senses within business transactions.

Word Frequency Rank

Positioned at #23,283, this word is part of extensive vocabulary. It's relatively rare in general usage but may be important in specific fields or formal writing.