New old stock (NOS), or old stock for short, refers to aged stock of merchandise that was never sold to a customer and still new in original packaging. Such merchandise may not be manufactured anymore, and the new old stock may represent the only current source of a particular item.[1] There is no consensus on how old a product must be to be NOS, and some people reserve an NOS label only for products that are actually discontinued.
Although not an officially recognized accounting term, it is in common use in the auction and retail industries. For example, owners of classic, vintage, and antique vehicles seek NOS parts that are needed to keep their bicycles, automobiles, motorcycles, or trucks operational, or in factory-original condition. These owners put a premium on NOS parts.[citation needed]
Another 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. Other specialty parts vendors then market these NOS parts that may either decline or increase in value depending on their type and desirability.[2]
^"Business Definition for: NOS" by Barron's Educational Series, retrieved on 2008-10-20.
^Coble, Hal. "NOS Parts - a definition" The Forward Look Network, 2003-02-25, retrieved on 2008-10-20.
August 25, 2023
stock, stock, short, refers, aged, stock, merchandise, that, never, sold, customer, still, original, packaging, such, merchandise, manufactured, anymore, stock, represent, only, current, source, particular, item, there, consensus, product, must, some, people, . New old stock NOS or old stock for short refers to aged stock of merchandise that was never sold to a customer and still new in original packaging Such merchandise may not be manufactured anymore and the new old stock may represent the only current source of a particular item 1 There is no consensus on how old a product must be to be NOS and some people reserve an NOS label only for products that are actually discontinued Although not an officially recognized accounting term it is in common use in the auction and retail industries For example owners of classic vintage and antique vehicles seek NOS parts that are needed to keep their bicycles automobiles motorcycles or trucks operational or in factory original condition These owners put a premium on NOS parts citation needed Another 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 Other specialty parts vendors then market these NOS parts that may either decline or increase in value depending on their type and desirability 2 See also EditDo it yourself Mint condition Original equipment manufacturerReferences Edit Business Definition for NOS by Barron s Educational Series retrieved on 2008 10 20 Coble Hal NOS Parts a definition The Forward Look Network 2003 02 25 retrieved on 2008 10 20 Retrieved from https en wikipedia org w index php title New old stock amp oldid 1064943488, wikipedia, wiki, book, books, library,
