Going out of Business Sale (GOB)

Last Updated: Jun 7, 2019

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Any offer to sell to the public or a sale to the public of goods, wares, or merchandise on the implied or direct representation that such sale is in anticipation of the termination of a business at its present location or that the sale is being held other than in the ordinary course of business. This standard is used as the basis for many NOLV appraisals in ABL transactions.