For the purposes of this article, the following words and phrases shall have the meanings respectively ascribed to them by this section:
(a) "Closing-out sale" includes but shall not be limited to all sales advertised, represented or held forth under the designation of "quitting business," "going out of business," "discontinuance of business, "selling out," "liquidation," "lost our lease," "must vacate," "forced out," "removal," "branch store discontinuance sale," "building coming down," "end," "final days," "last days," "lease expires," "we give up sale," "we quit sale," "warehouse closing sale," "reorganization sale" and any other advertising or designation by any other expression or characterization similar to any of the foregoing and giving notice to the public that the sale will precede the abandonment of a business location.
(b) "Defunct business sale" includes but shall not be limited to all sales advertised, represented or held forth under the designation of "adjuster's sale," "administrator's sale," "assignee's sale," "bankrupt sale," "bankrupt stock sale," "benefit of administrator's sale," "benefit of creditor's sale," "benefit of trustee's sale," "creditor's committee sale," "creditor's sale," "executor's sale," "insolvent sale," "mortgage sale," "receiver's sale," "trustee's sale" and any other advertising or designation by any other expression or characterization similar to any of the foregoing and conveying the same meaning or giving notice to the public of a sale resulting from death, business failure or other adversity.
(c) "Sale of goods damaged by fire, smoke or water" includes but shall not be limited to all sales advertised, represented or held forth under the designation "fire sale," "smoke damage sale," "water damage sale," "flood damage sale," "insurance sale" and any other advertising or designation by any other expression or characterization similar to any of the foregoing and giving notice to the public that the goods, wares or merchandise offered for sale have been damaged.
(d) "Unusual purchase or addition" means any purchase of goods, wares or merchandise during the ninety days preceding the application for license the total value of which is at least twenty-five percent (25%) greater than purchases made by the applicant for a like ninety-day period during any one of three years next immediately preceding the year in which the application is made or his peak purchases for any ninety-day period if he has been in business for less than three years. (1975 Code Sec. 10-48)