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Refurbished?

Apr 30, 2016
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Lincoln
Just looking for some opinions as to what "refurbished" actually means. In particular, electronics, computer parts and such, but this word can be applied to a wide variety of products so any opinions are welcome.
To me, I have always considered that refurbished means at least one new component.... from there it's a grey area.
I'd also like opinions from both a buyers and sellers prospective.
Thanks
 
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from.. just repackaging it so it looks like a new box.. because someone returned it with no technical issues.

or there was a known recall.. fixed and repackaged.

fixed a simple issue and repackaged.

or just checked and sold with out repackaged... but with al parts.

it is a wide range... so you should be careful when considering this option.
for me I look at the savings.. it has to be enough of a discount for me to consider the risks.
10% discount is not enough for me to look at.
more than 25% before it becomes considerable.
at 50% it is hard to pass up.
 
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This is great info. Thanks everyone. From what I've been looking into, RAM for one, I just don't know how that could be refurbished.
This all came about when I purchased a box of Misc. computer parts at a auction. There were several graphics cards included. Some decent ones, but the fans are full of dust (dead skin cells). I completely disassembled one and cleaned it with a toothbrush and tested all the ports.
I would like to build a reputation on E-Bay as a quality seller. Have I refurbished it? What value can I add with such a proclamation? I have moral issues and I want to do the right thing, as well as remaining in good standing on E-Bay.
 
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