The term "resale value" refers to the estimated worth or market price of a product, asset or property when it is sold for a second time. It represents how much money an owner can expect to get back from selling their item after they have used or owned it initially. The resale value depends on various factors such as condition, demand, age and overall quality of the product. Higher resale values are generally associated with items that hold their value well over time, while lower resale values indicate a depreciation in worth.