| A | B |
|---|
| auction | Public sale to the highest bidder. |
| bulk transfer | The transfer, generally by sale, of all or a major part of the goods of a business in one unit at one time. |
| CIF | "Cost, Insurance, Freight" price. |
| COD | Collect on delivery. |
| credit sale | Sale that, by agreement, calls for payment for the goods at a later date. |
| existing goods | Physically existing goods owned by the seller. |
| FOB | Shipping term meaning "free on board." |
| fungible goods | Goods of an essentially identical nature to one another. |
| future goods | Goods that are not both existing and identified. |
| good faith purchaser | Innocent third party to a fraudulent transfer of goods who gives value to and acquires rights in the goods. |
| identified goods | Designated subject matter of a particular sales contract. |
| sale on approval | Goods are delivered to the buyer in an "on trial" or "on satisfaction" basis. |
| sale or return | Completed sale in which the buyer has the option of returning the goods. |
| sale of an undivided interest | Sale involving a person who sells a fractional interest in a single good or in a number of goods that are to remain together. |
| tender of delivery | To place the goods at the buyer's disposal. |
