Liquidation
In the UK trade, "liquidation" is the catch-all for stock a retailer or brand has decided to sell off in bulk rather than put back on the shelf. It covers customer returns, overstock, end-of-line and warehouse clearance. A "liquidation pallet" tells you how the goods left the retailer — in bulk, below cost — not what condition they are in. Always ask which of the three categories below a pallet actually is.