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.