Brand new products sold in original boxes. End of line stocks, closed-down stores' merchandise, bankrupt stocks, bailiffs' seizured goods and many more. These products are sold under manufacturer's or supplier's warranty, however the warranties' duration and conditions may vary, depending on the product.
Goods that have been used, ex demo or ex lease. The items are always 100% working, sold in original or plain boxes. Some of the products are sold under 12 month warranty, however in most cases the warranty is valid for 4 weeks.
Damaged goods, usually having small electric defects easy to repair or cosmetic flaws. These are goods that have been returned by clients, or products that have been damaged during transportation. Their price is often a small percentage of their market value. Sold without warranty.
Untested customer returns, usually packed in original boxes (that is not a rule though). Since there are various reasons for returning the products, some of them might be fully working ones, while the other might not. The basic thing is, that neither you, nor the wholesaler, know the condition of these items, therefore they are sold on as is basis, without a warranty, or even an option of returning them. On the other hand, these products are usually sold for a small fracture of RRP, making them quite interesting wholesale products to buy.
Fully working products that have been tested for functionality and defects, usually repaired by the manufacturer. These are goods that had been previously returned under warranty by customers due to various reasons, including some defects. As refurbished products, they have been fully repaired and verified to function properly. They usually come with a warranty of 4 weeks. Some goods, however, may be under a warranty extended to 12 months.
Liquidation stocks, end of line stocks, wholesale clearance deals etc. All "reduced to clear" products can be added to this category of goods, especially if there is no full sizes ratio available, a seller offers a job lot for sale, or there is an obsolete stock on sale. The "clearance" condition of goods is basically for new items, but slight imperfections caused by long-term storage might occur. As such, these goods are sold without warranty.