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Resold Meaning: Definition, Examples, and Translations

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resold

[riหหˆsoสŠld ]

Definition

Context #1 | Verb

selling again

The term 'resold' is the past tense of 'resell', which means to sell something that has already been purchased. This action typically involves a second transaction where the item changes hands again after its initial sale. Reselling can occur in various markets, including online platforms, thrift shops, and flea markets. The value of an item may change upon reselling due to factors such as rarity, condition, or demand. Individuals often engage in reselling as a source of income or to declutter their possessions.

Synonyms

disposed, marketed, retailed.

Examples of usage

  • She resold the designer bag at a profit.
  • The bookstore resold the used textbooks.
  • They resold the concert tickets after realizing they couldn't attend.

Translations

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

Interesting Facts

Economics

  • The act of reselling can create more economic activity and reach different buyers interested in second-hand or vintage items.
  • Many people rely on reselling to earn extra money by selling items they no longer need or use.

Pop Culture

  • Reselling is especially popular in fashion, where limited-edition sneakers or designer clothes are often resold at much higher prices.
  • There are now platforms like eBay and Poshmark specifically designed for resold items, highlighting consumer interest in second-hand goods.

Environmental Impact

  • Reselling items contributes positively to sustainability by encouraging recycling and reducing waste.
  • Buying resold items helps to lessen the demand for new products, which can save resources and energy.

Legal Aspects

  • In some cases, the resale of goods may be restricted by copyright or trademark laws, especially with certain types of merchandise.
  • Reselling can sometimes lead to issues related to warranties and guarantees, as original rights may not transfer between sellers.

Origin of 'resold'

Main points about word origin

  • 'Resold' comes from the prefix 're-', meaning 'again', combined with 'sold', which is the past tense of 'sell'.
  • This word has been used in English since at least the 15th century, reflecting the long-standing practice of trading goods.

The word 'resold' derives from the prefix 're-', meaning 'again' or 'back', combined with the verb 'sell'. 'Sell' has Old English origins, with the word 'sellan' meaning 'to give' or 'to deliver'. This combination of 're-' and 'sell' forms a term that conveys the action of selling something again. The practice of reselling can be traced back to early trade practices where merchants would buy goods wholesale and retell them to consumers. Over time, with the growth of consumer culture and online marketplaces, the concept of reselling has become more common, especially in the context of vintage items, second-hand goods, and limited-edition products. Today, reselling is a significant aspect of various economies, catering to diverse markets and customer bases.

Word Frequency Rank

Positioned at #20,912, this word is part of extensive vocabulary. It's relatively rare in general usage but may be important in specific fields or formal writing.