Merchandise

Broken Lot
A broken lot refers to an incomplete set of merchandise, often resulting from damage or improper packaging.
Bulletin
A bulletin is a brief written announcement that arrives with urgency or a title of a business periodical displaying merchandise and price information.
Cargo
Cargo refers to freight or merchandise transported on a transportation vehicle, such as a ship, airplane, truck, or train, excluding passengers. It covers a broad range of goods, from raw materials to finished products, playing a crucial role in global trade and logistics.
Department Store
A large retail establishment offering a wide range of consumer goods in various product categories known as 'departments.'
Factor
An agent employed to sell goods or merchandise consigned or delivered to him by or for his principal for compensation.
Forward Stock
Forward stock refers to the merchandise carried in the selling areas of a retail store that is not accessible to the patrons, for items that require protection or controlled access, such as perfume, jewelry, and cameras.
Impound
Impounding refers to the legal process of seizing and retaining merchandise, funds, or records by an officer of the law. It generally aims to secure the items in question as evidence, prevent their misuse, or ensure compliance with legal procedures.
Kiosk
An independent stand from which merchandise is sold, often placed in the common area of shopping centers.
Merchandise
Goods and commodities sold at the retail level. Merchandising is the buying, presenting, and selling of merchandise, including related activities like advertising, displaying, and promoting them to retail customers.
Off-Price Stores
Off-price stores are retail stores that offer merchandise at prices lower than traditional retail stores. These stores acquire out-of-season products and distressed merchandise from other retailers and manufacturers.
Parcel Post
Parcel Post is a class of mail service offered by the U.S. Postal Service (USPS) for mailing merchandise or printed matter weighing more than 16 ounces. Specific guidelines apply regarding the inspection, weight, and dimensions of the packages.
Product
An item, sub-assembly, part, or cost unit manufactured or sold by an organization.
Retail Outlet
A retail outlet is a manufacturer-owned store that sells merchandise and/or services directly to the public in unlimited quantities.
Return
Return can have varied meanings in different contexts, including finance, investment, retailing, taxes, and trade. Generally, it refers to profits, exchanges, and refunds or credits, often associated with securities, merchandise, or taxpayer information.
Stock-in-Trade
Stock-in-trade refers to the merchandise or goods available to a business for sale to customers. It is integral to a company's operations and directly impacts revenue.
Wares
Wares refer to goods or merchandise, often manufactured items of a similar kind, such as glassware. These items are typically sold in bulk or as part of a collection.

Accounting Terms Lexicon

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