Liquidation Industry Glossary

Photographs of the specific merchandise, pallet or load being offered for sale. Actual images show the inventory available at the time the photographs were taken but may not display every item or every condition represented in the lot.

A mixture of different products, categories, styles, sizes, models or brands sold together in one lot.

The degree of assortment varies by listing. Buyers should review available manifests, images and descriptions for more information.

Merchandise being sold below its original wholesale or retail value because it is discontinued, overstocked, seasonal or otherwise being cleared from inventory.

Closeouts are generally new, but the listing should be reviewed for the specific product condition.

A broad assortment of consumer products that may include several departments or categories, such as housewares, toys, apparel, electronics, seasonal goods, home products and other merchandise.

An informal liquidation-industry term for a highly assorted lot containing small quantities, sometimes only one or two units, of many different products.

An abbreviation for Health and Beauty Aids. This category may include cosmetics, personal-care products, toiletries and related merchandise.

An umbrella term for products being sold through a liquidation or secondary-market channel.

Liquidation merchandise can include Overstocks, Shelf Pulls, Customer Returns, discontinued products, seasonal goods, closeouts and other excess inventory.

A specific Via Trading offer containing information about the merchandise, condition, lot size, price, location, manifest status, images and applicable purchasing terms.

A quantity of merchandise grouped and sold together. A load may contain one or more pallets and can range from a smaller multi-pallet lot to a full truckload.

The exact quantity and configuration are identified in the individual listing.

A defined group of merchandise sold as one purchase. A lot may consist of a case, pallet, several pallets, a truckload or another quantity specified in the listing.

A buying option that allows a registered buyer to submit an offer on an eligible listing. The seller may accept, decline or counter the offer.

Submitting an offer does not reserve the merchandise unless we confirm the order.

A list or data file describing the merchandise expected in a pallet or load.

Manifest information is generally provided directly by the retailer or merchandise source. A manifest may contain product descriptions, item or model numbers, quantities, categories, original retail values and other available inventory data.

Manifest detail varies by retailer and program. Buyers should expect slight discrepancies between liquidation manifests and the merchandise received, including occasional differences in quantities, descriptions or other manifest details. Unless the listing expressly guarantees otherwise, a manifest is not a guarantee of condition, functionality, completeness or current resale value.

A listing accompanied by an itemized manifest describing the merchandise expected to be included in the lot.

A listing for which a manifest or inventory summary covers only part of the merchandise or provides limited product-level information.

A listing sold without an item-by-item manifest. Buyers evaluate Unmanifested merchandise using the available description, category, source, condition, images and program information.

The recorded or original full retail value assigned to the merchandise by the retailer or supplier.

Original Retail Value is not necessarily the current market value, wholesale value or expected resale value. Actual resale prices depend on product condition, demand, location, competition and selling channel.

A brand owned by or produced specifically for a retailer rather than sold as an independent national brand.

The primary merchandise classification assigned to a listing. Liquidation loads often contain a broader mix, so a significant portion of the merchandise may fall outside the assigned category. Listings may also be assigned to more than one category when the merchandise mix warrants it. When available, always review the manifest for the actual merchandise mix.

A liquidation inventory offering available in meaningful volume, typically consisting of the same or similar type of merchandise. A program may be available on a recurring or consistent basis, or it may represent a large one-time inventory opportunity with multiple loads or lots available for purchase.

Images used to show the general type, assortment, packaging or condition of merchandise commonly found in a program.

Representative images are examples and do not necessarily show the exact products included in the available lot. A listing should identify when images are representative rather than actual.

Merchandise generally considered suitable for resale with minimal additional preparation.

Retail-Ready does not necessarily guarantee perfect packaging, current demand, a particular selling price or acceptance by every resale platform.

Products associated with a particular season, holiday or period of demand, such as patio furniture, heaters, Halloween merchandise, winter clothing or holiday decorations.

An abbreviation for Stock Keeping Unit. A SKU is an internal code used to identify and track a particular product or listing.

One individual item or sellable product within a case, pallet or load.

The number of individual products expected to be included in a lot. Unit counts may be exact or estimated depending on the listing and program.