resale value


The trade value of a good that has already been purchased. If the holder of the good wishes to resell the good to another party, this would be the amount of money that could be expected to be made from the transaction.

Use resale value in a sentence

The resale value of our brand new house went down because the neighbors put in a brand new above ground pool.

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You may want to try and figure out what the resale value might be before you purchase something so you have a way out.

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My boss decided to buy a 1957 Chevrolet for his car collection in part because he knew it held strong resale value and he could sell it off if he needed cash.

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