- Bulk sales
- Wholesale sales of gasoline in individual transactions which exceed the size of a truckload.U.S. Dept. of Energy, Energy Information Administration's Energy Glossary
Energy terms . 2014.
Bulk sales
Look at other dictionaries:
bulk sales law — A law that regulates the transfer of business assets so that business owners cannot dispose of assets in order to avoid creditors. If a business owner wants to conduct a bulk sale of business assets that is, get rid of all or most of its… … Law dictionary
bulk sales laws — USA bulk sales laws, Also known as bulk transfer laws. These are state laws which require, among other things, a buyer to give notice to the seller s creditors if it is acquiring a significant portion of the seller s business or assets. Most… … Law dictionary
bulk sales acts — n. state laws (spelled out in the Uniform Commercial Code adopted generally throughout the country) which require a seller of the business including his/her inventory to a) publish notice of the sale, b) give written notice to all creditors,… … Law dictionary
bulk-sales law — noun : a statute regulating the sale of stocks of goods in bulk where creditors may be prejudiced … Useful english dictionary
Bulk Sales Escrow — A type of escrow agreement placed on the sale of inventory, business assets or an entire company. The escrow serves to protect the interests of unsecured creditors: it eliminates the risk that the seller of the assets will use the proceeds from… … Investment dictionary
Bulk Sales Acts — Statutes intended for the protection of creditors of merchants, providing that the sale of all or any portion of a stock of merchandise otherwise than in the ordinary course of trade shall be fraudulent and void against creditors of the seller,… … Ballentine's law dictionary
bulk sales station — A place wherein gasoline and oil is stored pending distribution to retail dealers. Louisiana Oil Co. v Renno, 173 Miss 609, 157 So 705, 98 ALR 1296 … Ballentine's law dictionary
bulk — 1 / bəlk/ n: a large mass in bulk 1: not divided into parts or packaged in separate units 2: in large quantities bulk 2 adj 1: being in bulk bulk shipment of wheat … Law dictionary
bulk sale — see sale Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. bulk sale n. A transfer or sal … Law dictionary
bulk transfer laws — USA bulk sales laws, Also known as bulk transfer laws. These are state laws which require, among other things, a buyer to give notice to the seller s creditors if it is acquiring a significant portion of the seller s business or assets. Most… … Law dictionary
