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Building 19
BUILDING #19 was a chain of discount stores in New England
New England
that operated from 1964 until they declared bankruptcy in 2013. At the time of their bankruptcy they closed all 13 stores. The same family that owned the chain later reopened two of the former locations as a part of a new business, THE RUG DEPARTMENT, that was limited to rugs and related merchandise. The closeout stores had been known throughout New England
New England
for selling an eclectic assortment of items at drastically discounted prices, as well as self-effacing advertising that made fun of the founder, Jerry Ellis. Many of the items were factory irregulars, discontinued models, post-expiration-date , damaged, or less than perfect in some other way, but some new merchandise was offered as well. The stores capitalized on the quick cash flow needs of other businesses, obtaining most of their merchandise from fire sales , overstocks , customs seizures , liquidations , and bankruptcy courts. CONTENTS * 1 History * 2 Corporate culture * 2.1 Slogans * 3 Corporate affairs * 4 See also * 5 References * 6 Further reading * 7 External links HISTORYJerry Ellis (born Gerald Elovitz) founded the original store in 1964 with Harry Andler (now deceased), when the two joined together to sell a stock of appliances
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Number Sign
؋ ​₳ ​ ฿ ​₿ ​ ₵ ​¢ ​₡ ​₢ ​ $ ​₫ ​₯ ​֏ ​ ₠ ​€ ​ ƒ ​₣ ​ ₲ ​ ₴ ​ ₭ ​ ₺ ​₾ ​ ₼ ​ℳ ​₥ ​ ₦ ​ ₧ ​₱ ​₰ ​£ ​ 元 圆 圓 ​﷼ ​៛ ​₽ ​₹ ₨ ​ ₪ ​ ৳ ​₸ ​₮ ​ ₩ ​ ¥ 円 UNCOMMON TYPOGRAPHY asterism ⁂ hedera ❧ index, fist ☞ interrobang ‽ irony punctuation ⸮ lozenge ◊ tie ⁀ RELATED* * Diacritics * Logic symbols * Whitespace characters IN OTHER SCRIPTS * Chinese * Hebrew * Japanese * Korean * Category
Category
* Portal
Portal
* Book
Book
* v * t * e The symbol # is most commonly known as the NUMBER SIGN, HASH, or POUND SIGN. The symbol has historically been used for a wide range of purposes, including the designation of an ordinal number and as a ligatured abbreviation for pounds avoirdupois (having been derived from the now-rare ℔). Since 2007, the number sign has become the de facto standard signifier of metadata tags on social media platforms; the adoption of the symbol has been so universal that such metadata tags are now widely called hashtags . The symbol is defined in Unicode
Unicode
and ASCII
ASCII
as U+0023 # Number sign ( HTML
HTML
)
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Burlington, Massachusetts
BURLINGTON is a town in Middlesex County, Massachusetts
Massachusetts
, United States. The population was 24,498 at the 2010 census. CONTENTS * 1 History * 2 Geography * 3 Demographics * 3.1 Foreign-born population * 4 Arts and culture * 4.1 Points of interest * 5 Government * 5.1 Burlington Police Department * 5.2 Burlington Fire Department * 6 Education * 7 Infrastructure * 7.1 Transportation * 7.2 Commerce * 7.3 Important commercial sites and businesses * 7.4 Shops and attractions * 7.5 Under development or proposed * 8 Notable people * 9 Notes and references * 9.1 Bibliography * 10 External links HISTORY Helene Kent House It is believed that Burlington takes its name from the English town of Bridlington , Yorkshire but this has never been confirmed . It was first settled in 1641 and was officially incorporated on February 28, 1799; several of the early homesteads are still standing, such as the Francis Wyman House , dating from 1666. The town is sited on the watersheds of the Ipswich , Mystic , and Shawsheen rivers. In colonial times up through the late 19th century, there was industry in the mills along Vine Brook , which runs from Lexington to Bedford and then empties into the Shawsheen River
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Hingham, Massachusetts
HINGHAM is a town in metropolitan Greater Boston on the South Shore of the U.S. state of Massachusetts
Massachusetts
in northern Plymouth County . At the 2010 census , the population was 22,157. Hingham is known for its colonial history and location on Boston Harbor
Boston Harbor
. The town was named after Hingham, Norfolk
Hingham, Norfolk
, England
England
, and was first settled by English colonists in 1633. CONTENTS * 1 History * 2 Geography * 3 Demographics * 4 Economy * 4.1 Top employers * 5 Government * 6 Infrastructure * 6.1 Education * 6.2 Transportation * 7 Notable people * 8 References * 9 External links HISTORYThe town of Hingham was dubbed "Bare Cove" by the first colonizing English in 1633, but two years later was incorporated as a town under the name "Hingham". The land on which Hingham was settled was deeded to the English by the Wampanoag sachem Wompatuck in 1655. The town was within Suffolk
Suffolk
County from its founding in 1643 until 1803; and Plymouth County from 1803 to the present. The eastern part of the town split off to become Cohasset in 1770
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United States
Coordinates : 40°N 100°W / 40°N 100°W / 40; -100 United States
United States
of America _ Flag Great Seal MOTTO: " In God We Trust " Other traditional mottos _ * " E pluribus unum " ( Latin
Latin
) (de facto) "Out of many, one" * " Annuit c
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New England
NEW ENGLAND is a geographical region comprising six states of the northeastern United States
United States
: Maine
Maine
, Vermont
Vermont
, New Hampshire
New Hampshire
, Massachusetts
Massachusetts
, Rhode Island
Rhode Island
, and Connecticut
Connecticut
. It is bordered by the state of New York to the west and south, and by the Canadian provinces of New Brunswick
New Brunswick
and Quebec
Quebec
to the northeast and north, respectively. The Atlantic Ocean
Atlantic Ocean
is to the east and southeast, and Long Island Sound
Long Island Sound
is to the south. Boston
Boston
, the capital of Massachusetts, is New England's largest city
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Discount Store
A DISCOUNT STORE is a retail store which sells products at prices that are lower than the typical market value. A "full-line discount store" or "mass merchandiser" may offer a wide assortment of goods with a focus on price rather than service, display, or wide choice - such as Aldi
Aldi
and Lidl ; a "speciality", "single line", or "category killer " discount store may specialize in specific merchandise such as jewelry, electronic equipment, or electrical appliances, relying on bulk purchase and efficient distribution to keep down cost - such as Toys "R" Us
Toys "R" Us
and Staples . Discount stores are not variety stores , which sell goods at a single price-point or multiples thereof (£1, $2, etc.). Discount stores differ from variety stores in that they sell many name-brand products, and because of the wide price range of the items offered. Following World War II
World War II
, a number of retail establishments in the U.S. began to pursue a high-volume, low-profit-margin strategy designed to attract price-conscious consumers. This strategy has received renewed interest from retailers and customers alike stemming from the Great Recession that began in 2007 that forced buyers to revisit the approach to the products they wanted. Currently Aldi
Aldi
, the largest retailer in the world (Planet Retail Ranking; June 2014), operates more than 10,121 discount stores worldwide
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Bankruptcy
BANKRUPTCY is a legal status of a person or other entity that cannot repay the debts it owes to creditors . In most jurisdictions, bankruptcy is imposed by a court order , often initiated by the debtor . Bankruptcy
Bankruptcy
is not the only legal status that an insolvent person may have, and the term _bankruptcy_ is therefore not a synonym for insolvency . In some countries, such as the United Kingdom
United Kingdom
, bankruptcy is limited to individuals, and other forms of insolvency proceedings (such as liquidation and administration ) are applied to companies. In the United States
United States
, _bankruptcy_ is applied more broadly to formal insolvency proceedings. In France, the cognate French word _banqueroute_ is used solely for cases of fraudulent bankruptcy, whereas the term _faillite_ (cognate of "failure") is used for bankruptcy in accordance with the law
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Closeout Store
A CLOSEOUT sale is the final sale of an item either by a retailer or sell off of a retailer inventory to a 3rd party company. It may be a given model of item that is not selling well, or in the case of the final closure of a retailer because of a relocation, a fire (fire sale ), extra inventory, or especially because of a bankruptcy . In the latter case, it is usually known as a going-out-of-business sale, and is part of a liquidation . A "hail sale" is a closeout at a car dealership after hail damage. Often, when the store is shutting down, they let people know that this is their last chance to buy the merchandise. However, often it's companies that can't sell their inventory, inventors that had a bad idea or businesses that are looking for fast cash flow to pay their bills such as payroll, etc. A CLOSEOUT STORE is a retailer specializing in buying closeout items wholesale from other retailers and selling them at a discount . Big Lots is a well-known closeout store chain in the U.S., but other stores such as TJ Maxx , Ross Dress For Less , Marshalls
Marshalls
, and Value City are also common, specializing more in clothing and housewares . Some clearance merchandise is non-returnable at some stores, as the intent is of course to get rid of the items. This is especially the case with liquidation and store-closing sales
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Shelf Life
SHELF LIFE is the length of time that a commodity may be stored without becoming unfit for use, consumption, or sale. In other words, it might refer to whether a commodity should no longer be on a pantry shelf (unfit for use), or just no longer on a supermarket shelf (unfit for sale, but not yet unfit for use). It applies to cosmetics , foods and beverages , medical devices , medicines , explosives , pharmaceutical drugs , chemicals , tires , batteries and many other perishable items. In some regions, an advisory _best before_, mandatory _use by_ or _freshness date_ is required on packaged perishable foods. The concept of expiration date is related but legally distinct in some jurisdictions
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Cash Flow
A CASH FLOW describes a real or virtual movement of money : * a cash flow in its narrow sense is a payment (in a currency), especially from one central bank account to another; the term 'cash flow' is mostly used to describe payments that are expected to happen in the future, are thus uncertain and therefore need to be forecasted with cash flows; * a cash flow is determined by its time t, nominal amount N, currency CCY and account A; symbolically CF = CF(t,N,CCY,A). * it is however popular to use cash flow in a less specified sense describing (symbolic) payments into or out of a business, project, or financial product. Cash
Cash
flows are narrowly interconnected with the concepts of VALUE, interest rate and LIQUIDITY. A cash flow that shall happen on a future day tN can be transformed into a cash flow of the same value in t0. CONTENTS * 1 Cash
Cash
flow analysis * 2 Business\' financials * 3 Examples * 4 See also * 5 References * 6 Further reading * 7 External links CASH FLOW ANALYSIS Cash
Cash
flows are often transformed into measures that give information e.g. on a company's value and situation: * to determine a project's rate of return or value. The time of cash flows into and out of projects are used as inputs in financial models such as internal rate of return and net present value . * to determine problems with a business's liquidity
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Fire Sale
A FIRE SALE is the sale of goods at extremely discounted prices, typically when the seller faces bankruptcy . The term originated in reference to the sale of goods at a heavy discount due to fire damage . A fire sale may or may not be a closeout , the final sale of goods to zero inventory . Fire sales are said to occur in the financial markets when bidders who value assets highly are prevented from bidding on them, depressing the average selling price below what it otherwise would be. This lowering of the price can cause even further issues because it may be inaccurately perceived as signaling negative information. CONTENTS * 1 Sports usage * 2 Marketplace usage * 3 History * 4 See also * 5 References SPORTS USAGEIn American professional sports , a FIRE SALE occurs when a team trades many of its veteran players, especially expensive star players, to other teams for less expensive and usually younger players. Teams usually have a fire sale for financial reasons . The term is generally thought of as different from merely "rebuilding" a team, because during a rebuilding process, teams often obtain players who are already in the major leagues or who are close to being major-league-ready, while retaining at least some of their key veterans (such as a franchise player ) while also getting players from their minor league system; most rebuilding teams have few veterans remaining to jettison in the first place
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Overstock
OVERSTOCK, EXCESSIVE STOCK, B-STOCK, or EXCESS INVENTORY, is the result of poor management of stock demand or of material flow in process management . Excessive stock is also associated with loss of revenue owing to additional capital bound with the purchase or simply storage space taken. Excessive stock can result from over delivery from a supplier or from poor ordering and management of stock by a buyer for the stock OVERSTOCK also known as SEASONAL OVERSTOCK, consists of first quality overstock that must be sold. At the end of a selling season, all designated merchandise is removed from the selling floor, boxed and sold to liquidation companies (e.g., all winter coats are removed from the selling floor mid-spring to make room in the stores for swimwear). When referring to OVERSTOCK MERCHANDISE in the form of consumer goods in a retail operation, the term refers to goods that have never been purchased by a customer but that are considered excessive stock from shelves and/or warehouses. Excessive stock is typically discarded of in the following ways: returned to the manufacturer or original distributor, liquidated to companies that then resell it on the secondary wholesale or retail market, sold at an extreme discount to existing customers, sold to salvage companies which then process metals and components of value. ECONOMIC IMPLICATION This section DOES NOT CITE ANY SOURCES . Please help improve this section by adding citations to reliable sources
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Asset Forfeiture
ASSET FORFEITURE or ASSET SEIZURE is a form of confiscation of assets by the state . It typically applies to the alleged proceeds or instruments of crime. This applies, but is not limited, to terrorist activities, drug related crimes, and other criminal and even civil offenses. Some jurisdictions specifically use the term "confiscation" instead of forfeiture . The alleged purpose of asset forfeiture is to disrupt criminal activity by confiscating assets that potentially could have been beneficial to the individual or organization. CONTENTS * 1 Civil and criminal law * 2 Canada * 3 European Union * 4 United Kingdom * 5 United Nations Convention against Corruption
United Nations Convention against Corruption
* 6 United States * 6.1 History * 6.2 Forfeiture of terrorist finances * 6.3 Use of forfeited assets * 6.4 Notable forfeitures * 7 See also * 8 References * 9 Further reading * 10 External links CIVIL AND CRIMINAL LAW This section IS WRITTEN LIKE A PERSONAL REFLECTION OR OPINION ESSAY that states a editor's personal feelings about a topic. Please help improve it by rewriting it in an encyclopedic style . (November 2012) (Learn how and when to remove this template message )Legal systems distinguish between criminal and civil proceedings. Criminal prosecutions regulate crimes against society as a whole or against the government
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Liquidation
In United Kingdom and United States law and business, LIQUIDATION is the process by which a company (or part of a company) is brought to an end, and the assets and property of the company are redistributed. Liquidation is also sometimes referred to as WINDING-UP or DISSOLUTION , although dissolution technically refers to the last stage of liquidation. The process of liquidation also arises when customs , an authority or agency in a country responsible for collecting and safeguarding customs duties , determines the final computation or ascertainment of the duties or drawback accruing on an entry. Liquidation may either be compulsory (sometimes referred to as a _creditors' liquidation_) or voluntary (sometimes referred to as a _shareholders' liquidation_, although some voluntary liquidations are controlled by the creditors, see below). In addition, the term "liquidation" is sometimes used when a company wants to divest itself of some of its assets. This is used, for instance, when a retail establishment wants to close stores. They will sell to a company that specializes in store liquidation instead of attempting to run a store closure sale themselves
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Bethlehem Hingham Shipyard
The BETHLEHEM HINGHAM SHIPYARD of Hingham, Massachusetts
Hingham, Massachusetts
, was a shipyard in the United States from 1941 until 1945. Located on Weymouth Back River , it was owned by the Bethlehem Shipbuilding Company and operated by the nearby Fore River Shipyard . During the three and a half years that the yard was operational, it produced 277 ships, including a destroyer escort delivered in 23 days. HISTORYShortly before the entry of the United States into World War II
World War II
, the United States Navy began designs on destroyer escorts and commissioned Bethlehem Steel
Bethlehem Steel
to be the major contractor. Because Bethlehem's shipyards were operating at full capacity, there was need to build a new shipyard. A location for a shipyard was chosen in Hingham, Massachusetts , at the site of the former Bayside Airport . Within weeks of the attack on Pearl Harbor, a survey team arrived in Hingham and crews worked around the clock to clear 150 acres of land. After the land was cleared, a steel mill stretching a third of a mile was erected, and wooden cradles that would hold each ship were built. Sixteen ways were also constructed at the yard, which was managed by the nearby Fore River Shipyard . Facing a lack of skilled labor, 400 shipbuilders were brought in to train a workforce that totaled 15,000 within a year