Glossary
The language of the resale business
Plain definitions of the terms that run the secondhand economy: how the models work, how the money moves, and what the jargon actually means. Written by the Mooselen desk.
GMV (Gross Merchandise Value)
What GMV means in resale and why it matters
TERMTake Rate
How resale marketplaces make money from each sale
TERMConsignment vs Peer-to-Peer Resale
The two dominant resale business models compared
TERMManaged Resale
When a platform handles authentication, photography, and fulfillment
TERMAuthentication in Luxury Resale
How platforms verify that secondhand goods are genuine
TERMRecommerce
The business of reselling used and returned goods
TERMCircular Fashion
Keeping garments in use and out of landfill
TERMResale-as-a-Service (RaaS)
How brands run their own resale channels
TERMSell-Through Rate
The share of listed items that actually sell
TERMCondition Grading
How secondhand items are rated from new to worn
TERMDeadstock vs Secondhand
New-but-old inventory versus previously owned goods
TERMProvenance
The documented ownership history of a resale item