Meaning & Definition of word "Resell"

Resell

/ˌriːˈsɛl/

verb:

  • 1. To sell something again after purchasing it.
    • Example: After buying the limited edition sneakers, he decided to resell them online for a higher price.
  • 2. To sell a product or service that has been purchased from another seller.
    • Example: She plans to resell the vintage clothing she bought at the thrift store.
  • 3. To market an item that is typically sold by someone else.
    • Example: Many companies resell software licenses to their clients.
  • 4. To sell goods acquired from a manufacturer or supplier at a markup.
    • Example: The entrepreneur aimed to resell the imported electronics at a profit.

Etymology

The prefix 're-' meaning 'again' combined with 'sell' from Old English 'sellan'.

Common Phrases and Expressions

buy and resell:

To purchase an item and then sell it for profit.

resell market:

A secondary market where items are sold again.

flipping:

Buying an item to quickly resell it for a profit.

Related Words

retailer:

A person or business that sells goods to the public.

distributor:

An agent who supplies goods to stores and other businesses.

markup:

The amount added to the cost price of goods to cover overhead and profit.

Slang Meanings of resell

Meaning: Flipping

Example Sentence: He made quick cash by flipping sneakers he bought at retail.

Meaning: Resell game

Example Sentence: She's really into the resell game, buying exclusive products just to sell them for profit.