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For the purposes of this chapter, the following words and phrases shall have the meanings respectively ascribed to them by this section:

A. "Advertise" means any and all means, whether verbal or written, used for conveying to the public or any part thereof, notice of the conduct of a closeout sale, fire sale or bankruptcy sale as defined in this section, or notice of intention to conduct such sale;

B. "Bankruptcy sale" means any sale of, or offer to sell, to the public or any part thereof, goods, wares or merchandise in stock which have been involved in any business failure or have been derived from any business which has been adjudicated bankrupt, has been closed, has been discontinued, has been liquidated or has been placed in receivership;

C. "Close-out sale" means any sale of, or offer to sell to the public or any part thereof, goods, wares or merchandise in stock, in furtherance of a declared purpose, as advertised, when such sale is anticipatory of or to avoid the termination, liquidation, revision, windup, discontinuance, removal, relocation, dissolution, closing or abandonment of a business conducted at any location;

D. "Fire sale" means any sale of, or offer to sell to the public or any part thereof, goods, wares or merchandise in stock which has been damaged as the result of contact with, or exposure to, fire, smoke or water;

E. "Permit" means a permit issued pursuant to this chapter;

F. "Permittee" means any person, firm, association or corporation to whom a permit has been issued pursuant to this chapter;

G. "Person" means an individual, firm, association, corporation or partnership, or the agent of any of the aforesaid.

The paragraphs of this section defining bankruptcy sale, close-out sale and fire sale shall apply to any and all sales advertised in such manner as to convey to the public, or to that portion of the public to which such advertising is directed, the belief that upon disposal of the goods to be placed on sale, the business or that portion thereof being conducted at any location will cease, be removed or relocated. (Ord. 850 NCS §1; prior code §5.28.)