§ 14.442.04  DEFINITIONS.
   The following words and terms, when used in this Division X, shall have the following meanings unless the context clearly indicates otherwise.
   ANTIQUE. Any secondhand good the value of which, in whole or substantial part, is derived from its age or its historical association and exceeds the original value of the when new.
   ANTIQUE DEALER. Any whose regular business includes selling or receiving secondhand goods where at least 90% of the goods on hand at all times, measured according to value, consists of .
   AUCTION HOUSE DEALER. Any whose regular business includes selling or receiving secondhand goods some or all of which are offered for sale for the highest bid or offer tendered. If the sale is conducted by means of an auction, the auctioneer must be properly licensed and bonded in accordance with applicable laws.
   BILLABLE TRANSACTION. Every transaction conducted by a required to be reported to the City Police Department under § 14.442.12.
   COIN DEALER. A whose regular business includes the buying, selling and trading of coins, stamped metal, monetized bullion or commercial grade ingots of gold, or silver. The coins may be legal tender or otherwise and may be made of , gold, silver or platinum.
   CONSIGNMENT. An agreement between a and a seller that enables the to take temporary possession of secondhand property, owned by the seller, for the purpose of offering it for sale to the public.
   CONSIGNMENT HOUSE DEALER. A in secondhand goods acquired by a agreement.
   DEALER. Any whose regular business includes the purchase of goods, wares or merchandise for the purpose of selling them at wholesale or retail to any qualified purchaser.
   FLEA MARKET. Any group of five of more unrelated or businesses selling secondhand goods to the public from a single physical location.
   INTERNET AUCTION. The sale of merchandise on the world wide web, or Internet, by a who is registered with and assigned a designated account or user name by the Internet website hosting the auction.
   ISSUING AUTHORITY. The City of Bloomington License Section.
   ITEM. Any single physical article; however, with respect to a commonly accepted grouping of articles that are purchased as a set and have greater value as a set than the combined value of its components if sold individually, the term ITEM shall refer to the set.
   LICENSED PREMISES. The compact and contiguous premises described in the approved license issued by the city’s .
   LICENSEE. The to whom a license is issued under this Division X, including any agents or employees of the .
   PERSON. One or more natural persons; a partnership, including a limited partnership; a corporation, including a foreign, domestic or nonprofit corporation; a trust; a political subdivision of the state; or any other business organization.
   PRECIOUS GEMS. Any gem that is valued for its character, rarity, beauty or quality, including diamonds, rubies, emeralds, sapphires or pearls, or any other precious gems or stones, whether as a separate or in combination as a piece of jewelry or other crafted .
   PRECIOUS METAL DEALER. Any engaging in the business of or buying secondhand containing or gems, including, but not limited to, jewelry, watches, eating utensils, candlesticks and religious and decorative objects. in these items shall include, without limitation, , and .
   PRECIOUS METAL ITEM. Coin with a numismatic value or intrinsic value greater than its denominational value, , gold, silver, platinum and sterling silver, whether as a separate or in combination as a piece of jewelry or other crafted , except plated with or metals and the plating equals less than 1% of the total weight.
   PRECIOUS METALS. Silver, gold, platinum and sterling silver, whether as a separate or in combination, as a piece of jewelry or other crafted , except plated with precious metal or metals and the plating equals less than 1% of the total weight.
(Added by Ord. 93-23, passed 4-26-1993; recodified by Ord. 95-13, passed 8-7-1995; added by Ord. 97-18, passed 5-5-1997; amended by Ord. 2007-18, passed 5-7-2007)