Definition from Nolo’s Plain-English Law Dictionary
Selling again, particularly at retail (a retail product is sold once to the retail store and again to the final customer). In many states, a resale license, resale number, or seller's permit is required so that the state can monitor the collection of sales tax on retail sales.
Definition provided by Nolo’s Plain-English Law Dictionary.
August 19, 2010, 5:23 pm