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TeachMeFinance.com - explain Pallet Pallet -- A platform with or without sides, on which a number of packages or pieces may be loaded to facilitate handling. Usually the pallet is constructed so that it has space underneath it to permit lifting by mechanical equipment. Copyright © 2005 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.