What does the term 'hot goods' refer to in property crime contexts?

The term 'hot goods' specifically refers to items that are known to be stolen and are often sold at discounted prices. This concept is critical in property crime contexts because it highlights the illicit market for stolen goods, where thieves move their inventory quickly to minimize the risk of being caught. The price reduction acts as an incentive for buyers, thereby facilitating the continued operation of this underground market.

Understanding 'hot goods' is important for law enforcement and enforcement agencies, as recognizing these items can lead to investigations and recoveries of stolen property. Items categorized as 'hot goods' often have identifiable properties that signal their status, such as being sold outside legitimate retail channels or having no proof of ownership, making them prime targets for law enforcement scrutiny.

The other options don't accurately capture the definition of 'hot goods' within the context of property crimes. For instance, while items that are easily sellable and in high demand might attract theft, they do not specifically denote stolen goods. Similarly, while frequently stolen items may include hot goods, simply being valuable does not imply they are known to be stolen or sold at a discount. The clarity provided by the correct definition assists in understanding the dynamics of theft and the illicit market for stolen items.