bulk

bulk
Unbroken packages. Merchandise which is neither counted, weighed, nor measured. The aggregate that forms a body or unit. When used in relation to sale of goods by sample, "bulk" means the whole quantity of goods sold, which is supposed to be fairly represented by the sample
@ bulk mortgage
A mortgage on property in bulk. May describe creation of security interest in several items as a whole or in bulk, or a mortgage of more than one parcel of real estate, though a bulk transfer is not a security interest subject to Art. 9 of U.C.C., No. 9-111
@ bulk sale
Any transfer in bulk, and not in the ordinary course of the transferor's business, of a major part of the materials, supplies, merchandise or other inventory of an enterprise. U.C.C. No. 6-102(1). Such transfers are regulated by U.C.C. Article 6 to protect creditors of the transferor.
+ bulk sale
The sale of all or a substantial part of the seller's materials, supplies, merchandise, other inventory or in some cases equipment not in the ordinary course of business. U.C.C. No. 6-102. Statutes prescribe the procedure for such sales because of the danger of fraud on the creditors of the seller.
See Bulk Sales Acts.
A sale of substantially all the inventory of a trade or business to one person in one transaction. Under certain conditions, corporations making a bulk sale pursuant to a complete liquidation will recognize neither gain nor loss on such sale. I.R.C. No. 337(b)(2)
@ Bulk Sales Acts
A class of statutes designed to prevent the defrauding of creditors by secret sale in bulk of all or substantially all of a merchant's stock of goods. Individual state bulk sales acts have been superseded by Art. 6 of U.C.C., "Bulk Transfers"
@ bulk transfers
See bulk sale
- Bulk Sales Acts
@

Black's law dictionary. . 1990.

Synonyms:

Look at other dictionaries:

  • bulk — 1 / bəlk/ n: a large mass in bulk 1: not divided into parts or packaged in separate units 2: in large quantities bulk 2 adj 1: being in bulk bulk shipment of wheat …   Law dictionary

  • bulk — [bʌlk] noun 1. the bulk of something the main or largest part of something: • The change in the tax system will affect the bulk of the population. • The bulk of the meetings would be held in Washington. 2. COMMERCE if you buy, sell, or make… …   Financial and business terms

  • Bulk — (b[u^]lk), n. [OE. bulke, bolke, heap; cf. Dan. bulk lump, clod, OSw. bolk crowd, mass, Icel. b?lkast to be bulky. Cf. {Boll}, n., {Bile} a boil, {Bulge}, n.] 1. Magnitude of material substance; dimensions; mass; size; as, an ox or ship of great… …   The Collaborative International Dictionary of English

  • Bulk — can refer to:*Bulk mail *Bulk purchasing *Bulk liquids *Bulk modulus *Bulk material handling *Bulk British professional wrestler * Bulk and Skull, a pair of characters in the Power Rangers universe. * The bulk in brane cosmology is a hypothetical …   Wikipedia

  • bulk — n Bulk, mass, volume mean a body of usually material substance that constitutes a thing or unit. Bulk is applied mainly to what is or appears to be inordinately large or heavy {the bulk of ancient minster Wordsworth} and often more or less… …   New Dictionary of Synonyms

  • bulk — bulk1 [bulk] n. [ME, heap, cargo < ON bulki, a heap, ship s cargo; prob. < IE base * bhel : see BALL1] 1. size, mass, or volume, esp. if great 2. the main mass or body of something; largest part or portion [the bulk of one s fortune] 3.… …   English World dictionary

  • Bülk — bezeichnet im heutigen Gebiet der Gemeinden Strande, Dänischenhagen und Schwedeneck im Dänischen Wohld, Kreis Rendsburg Eckernförde, Bundesland Schleswig Holstein: das Adlige Gut Bülk, erstmals urkundlich belegt 1304, aufgeteilt 1739 das Adlige… …   Deutsch Wikipedia

  • bulk — as a noun preceded by the and denoting magnitude or size, is correctly used with of and a singular noun, as in the bulk of the book / the bulk of his land / the bulk of the clergy. It should not be used in this way with ordinary plural nouns: ☒ • …   Modern English usage

  • bulk — bulk; bulk·head·ed; bulk·i·ly; bulk·i·ness; bulk·head; …   English syllables

  • bulk´i|ly — bulk|y «BUHL kee», adjective, bulk|i|er, bulk|i|est. 1. taking up much space; large: »Bulky shipments are often sent in freight cars. SYNONYM(S …   Useful english dictionary

  • bulk|y — «BUHL kee», adjective, bulk|i|er, bulk|i|est. 1. taking up much space; large: »Bulky shipments are often sent in freight cars. SYNONYM(S …   Useful english dictionary

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