What is 'NWOT'? 'NWT'? What eBay Jargon Do I Need to Learn?

As you perhaps know, eBay is a part of daily internet life. Every 24 hours, eBay transacts over $65 million dollars in goods for 200 million registered users. Most everything trades hands through this online flea market -- digital cameras, car parts, collectible toys, vinyl records, electronics and more. If you happen to be confused by fundamental expressions like "New With Tags" or "New Without Tags", then read the eBay Beginner's Handbook here, and we'll help you with your first eBay steps.  (photo by John Chapple / Getty Images)