There are a dizzying array of abbreviations on sites on which you can purchase used clothing and other used goods, such as eBay, Craigslist, and Poshmark, just to name a few. Abbreviations such as EUC, VGUC, GUC, EU, NIB and NIP can be confusing, while other abbreviations are more readily recognized, such as NWT and OEM. Here is a guide to all of those abbreviations, be they on eBay, Craigslist, thredUP, Swap, or wherever you may see them.

There may be extra money in your closet, and not just the kind you find hidden in your pockets from the last time you wore or used the item! If you are like many and have clothing, handbags and accessories in your closet that you have not worn in a some time, or you are simply tired of wearing, you can easily sell clothing, jewelry and purses through your iPhone, iPad or iPod Touch (not yet for Android users), using the app Poshmark.