Glossary / Flip
Flip
Buying an item and reselling it for more than you paid.
Flipping is the act of buying something at one price and selling it for a higher price, pocketing the difference as profit. Reselling is the broader activity; flipping emphasizes the buy-low, sell-high dynamic. The term is commonly used for physical goods (clothes, electronics, collectibles) but also applies to real estate and other assets.
Example
You find a vintage camera at a thrift store for $15, clean it up, and sell it on eBay for $120. That's a flip.
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