Full Answer
What is new old stock goods?
New Old Stock Goods a store seeks to sellthat were made some time ago but have not been used. New old stock may be offered at a discountbecause the store already purchased the items and wishes to recoup the cost.
Why would a store offer new old stock at a discount?
New old stock may be offered at a discountbecause the store already purchased the items and wishes to recoup the cost. However, this is not always the case: new old stock may be offered at full price if it not has been previously offered in retailor if it is no longer manufactured.
Can old shares be replaced by new shares?
The old shares can’t possibly be replacement shares for the newer ones. You bought them before you bought the shares you sold, so they should be ignored in applying the wash sale rule. Unfortunately, in a ruling dealing with an unrelated point, the IRS gave an example like the one above, and said the wash sale rule applied.
What is a NOS (new old stock)?
When listing Car or Truck parts be specific as to the type of part you are listing. A NOS (New Old Stock) is a part made by the Factory (GM, FORD ,CHRYSLER ) or one of it's suppliers such as Delco-remy or AC- Delco.
What is the difference between OEM and NOS?
In short, OEM means Original Equipment Manufacturer and NOS means New Old Stock…a confusing term if there ever was one. Other related terms that you might encounter in your search for parts are NORS (New Old Replacement Stock) and Reproduction Part.
What does NOS mean in auto?
new original stockAnother definition of NOS is new original stock, meaning that they are original equipment parts that remained in inventory for a use that never came. Automobile dealers and parts companies often sell such slow-moving stock at a discount.
What does after market replacement mean?
What are Aftermarket Parts? Aftermarket parts are replacement parts that are not made by the original equipment manufacturer. Aftermarket parts are used to replace damaged parts in automobiles and other equipment, but their use may alter the coverage of an insured item.
What OEM parts mean?
Here and everywhere else, OEM stands for “Original Equipment Manufacturer.” So, OEM automotive components are the official, genuine parts produced directly by your vehicle's maker.
Are OEM parts remanufactured?
A remanufactured part is a used OEM part that has been stripped down and had any of its worn components replaced. It should not be confused with a refurbished or reconditioned part. A remanufactured part will have been cleaned and is likely to have had some of its components replaced.
What is another name for car NOS?
A nitrous oxide engine, sometimes referred to as NOS, is an internal combustion engine in which oxygen for burning the fuel comes from the decomposition of nitrous oxide, N2O, rather than air.
Which is better OEM or aftermarket?
High-quality aftermarket parts are as good as OEM parts, or in some cases, can perform better. You really do get what you pay for, and the higher the cost, the better the build or materials. There are hundreds of manufacturers to choose from, so be sure to ask your mechanic about your options.
What is better OEM or original?
The OEM parts we carry are precisely the same as the part that came with your car. The difference is that it doesn't carry the manufacturer's logo. OEM parts are just as reliable as genuine parts, but you get them for a better value.
Is OEM or OE better?
OE parts have the same quality of OEM parts but are more affordable as your not paying for a brand name.
Is OEM fake or original?
Original Equipment Manufacturer (OEM) vs. An OEM is the opposite of the aftermarket. An OEM refers to something made specifically for the original product, while the aftermarket refers to equipment made by another company that a consumer may use as a replacement.
What is difference between OEM and ODM?
OEM products are sold by the manufacturer based on the buyer's specifications. ODM products are finalized or are pre-designed products that are sold under the brand name of the purchasing company. ODM products are complete and finished products, unlike OEM products.
What is OEM and ODM mean?
These are OEM and ODM, and there's a lot of discussion these days around which is which – and whether one is better than the other. OEM stands for Original Equipment Manufacturer, and ODM stands for Original Design Manufacturer.
How much did you sell XYZ on June 1?
On June 1 you buy 200 shares of XYZ for $10,000. On June 12 you sell 100 shares for $4,000 (a loss of $1,000). You continue to hold the other 100 shares.
Can you buy 200 shares in a single lot?
And the IRS agrees, in the situation where you bought the 200 shares in a single lot. Furthermore, although the IRS doesn’t say this, the result shouldn’t change if you gave a single buy order for 200 and your broker happened to execute it by buying two lots of 100 shares each.
