Definition, Meaning & Synonyms

sale-or-return

noun

/seɪl ɔːr rɪˈtɜrn/

Definition

A sale-or-return agreement is a type of commercial transaction where goods are sold with the option for the buyer to return unsold items to the seller.

Examples

Many retailers use a sale-or-return policy to manage inventory effectively.
The bookstore implemented a sale-or-return system for new publications to reduce financial risk.
In case the seasonal items do not sell well, we have a sale-or-return agreement with the supplier.

Meaning

In a sale-or-return arrangement, the seller allows the buyer to try out the goods and return any that are not sold, usually within a specified time period.