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YouTube Welcome Back to the nice fine wholesale YouTube channel today were talking about liquidation terms I know me when I started it was very very hard to figure out all the lingo the jargon the vocabulary the terms the phrases that are used in this industry and in this business by sellers buyers suppliers you name it you got to know the term its hard making the correct business decisions when youre not educated the lingo thats being used in the industry youre a part of so today Im going to help you solve this problem and Im going to run through a bunch of freight liquidation and reselling terms that are commonly used in this industry all right so first things first I think the biggest definition that we all need to learn is what is liquidation so where is my handy dandy I got an eraser five years later back with the Eraser all right so what is liquidation liquidation is the process of selling off assets to generate cash flow back into the business its that simple ladies and
