Definition of Goods

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TeachMeFinance.com - explain Goods



Goods -- Merchandise; supplies; raw materials; wares; commodities; products. The meaning may vary in various situations but for purposes of a contract for storage or transportation, or with reference to collateral for security, it means all things treated as movable.


historic accounting definition (British)...

goods -- The particular commodity dealt in by a concern in the ordinary course of carrying on its business, usually applied only in reference to trading concerns.

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