Bulk Sales Transfer

Business / Real Estate / Bulk Sales Transfer: Any transfer in bulk (and not a transfer in the ordinary course of the sellers business) of a major part of the materials, inventory or supplies of an enterprise. The Uniform Commercial Code (UCC) regulates bulk transfers to deal with such commercial frauds as a merchant selling out stock, pocketing the proceeds and leaving creditors unpaid. The UCC requires the buyer of the goods to demand that the seller provide a schedule of all the property and a list of all creditors and that the buyer give notice to creditors of the pending sale. Failure to comply with UCC means that the transfer or sale is ineffective in respect to the claims of any creditor of the seller. Bulk transfers usually become relevant upon the liquidation or sale of a business.

Other Words for Bulk

Bulk Noun Synonyms: volume, magnitude, mass, enlargement, largeness, size
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Other Words for Transfer

Transfer Verb Synonyms: move, transport, convey, remove, carry, take, deliver, bring, transmit, cart, haul, shift, hand (on or over), turn over, give, pass (on or along or over)
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Sales Invoice

Business / Accounting / Sales Invoice: See Invoice . MORE

Sales Journal

Business / Accounting / Sales Journal: A special journal in which credit sales are recorded. MORE

Sales Forecast

Business / Finance / Sales Forecast: A key input to a firm's financial planning process. External sales forecasts are based on historical experience, statistical analysis, and consideration of various macroeconomic factors. MORE

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