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Glossary of Industry Terms
Words you will see in liquidation.
Pallet
A wooden platform with goods stacked and shrink-wrapped.
Gaylord
A large cardboard bin of mixed goods, sold like a pallet.
Manifest
A list of items in a lot.
LTL
Less-than-truckload freight, used for pallets.
Shelf pull
New goods removed from retail shelves.
Customer return
An item a consumer returned to a store or marketplace.
As-is
Sold without warranty or guarantee of condition.