Refurbished
Refurbished items typically, consist of items that have been retuned to the shops under the warranty. These items may have been used & may have slight cosmetic imperfections. At Telecom-world we have tested them in our workshop for functionality & refurbished that Any problems are sorted out, parts replaced where needed and the data removed & is repackaged for sale. These make excellent value product for the end users.
Surplus stock
Surplus stock are usually cancelled orders or maybe a newer product is due out; & usually these items have never left the box. Buying these items is no more risky than buying a new one from a shop shelf.
Ex- Display
Ex –Display & open box items are when companies send items to magazines to be reviewed, to exhibitions, showrooms & shops for demonstrations. These can't be sold as new items. | 
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