What does bulk sale mean?
Definitions for bulk sale
bulk sale
This dictionary definitions page includes all the possible meanings, example usage and translations of the word bulk sale.
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Wikipedia
Bulk sale
For food sold by weight in stores, see bulk bins.A bulk sale, sometimes called a bulk transfer, is when a business sells all or nearly all of its inventory to a single buyer and such a sale is not part of the ordinary course of business. This type of action is often used in an attempt to dodge creditors who intend to seize such business's inventory; in order to protect the purchaser from claims made by creditors of the seller, the seller must usually complete an affidavit outlining its secured and unsecured creditors, which must usually be filed with a government department, such as a court office. Such procedures are outlined in the bulk sales act of most jurisdictions. If the buyer does not complete the registration process for a bulk sale, creditors of the seller may obtain a declaration that the sale was invalid against the creditors and the creditors may take possession of the goods or obtain judgment for any proceeds the buyer received from a subsequent sale.
Numerology
Chaldean Numerology
The numerical value of bulk sale in Chaldean Numerology is: 7
Pythagorean Numerology
The numerical value of bulk sale in Pythagorean Numerology is: 2
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"bulk sale." Definitions.net. STANDS4 LLC, 2024. Web. 7 Dec. 2024. <https://www.definitions.net/definition/bulk+sale>.
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