Definition, Meaning & Synonyms

resale-value

noun

/rɪˈseɪl ˈvæljuː/

Definition

The amount of money that an asset, item, or property can be sold for when resold or after its initial purchase.

Examples

The resale value of the car had significantly decreased after two years of ownership.
Investors often look for properties with high resale value to maximize their return.
The designer handbag retained its resale value well due to its popularity and condition.

Meaning

Resale value refers to the price that a seller might expect to receive when selling an item again after it has been used or owned, rather than its original price.