For the purpose of this chapter, the following definitions shall apply unless the context clearly indicates or requires a different meaning.
GOING-OUT-OF-BUSINESS SALE. A sale held or advertised in a manner as to reasonably cause the public to believe that upon disposal of the stock of goods on hand, the business will cease and be discontinued, including but not limited to, the following sales: adjuster's, adjustment, alteration, assignees, bankrupt, benefit-of-creditors, benefit-of-administrator, benefit-of-trustees, building, coming down, closing, creditors' committee, creditors', executor's, final days, forced out, forced out-of-business, insolvent, last days, lease expires, liquidation, loss-of-lease, mortgage sale, receivers, trustees, quitting business, or other terminology of similar import.
GOODS. Any goods, wares, merchandise, or other property capable of being the object of a sale regulated in this chapter.
REMOVAL-OF-BUSINESS SALE. A sale held in a manner as to reasonably cause the public to believe that the person conducting the sale will cease and discontinue business at the place of sale upon disposal of the stock of goods on hand and will then move to and resume business at a new location in the city or elsewhere or will then continue business from other existing locations in the city or elsewhere.
UNUSUAL PURCHASES or ADDITIONS TO THE GOODS OF THE BUSINESS. Any purchases which cause the inventory at time of application for a permit under this chapter to exceed by more than 15% the average inventory maintained, upon a monthly basis for the 12 calendar months immediately preceding the date of application.
('76 Code, § 8-1A-1) (Ord. 792, passed 11-12-87)