- verbpurchase (verb) · purchases (third person present) · purchased (past tense) · purchased (past participle) · purchasing (present participle)
- acquire (something) by paying for it; buy:"Mr. Gill spotted the manuscript at a local auction and purchased it for $1,500"
- archaicobtain or achieve with effort or suffering:"the victory was purchased by the death of Rhiwallon"
- nauticalhaul in (a rope or cable) or haul up (an anchor) by means of a pulley, lever, etc..
nounpurchase (noun) · purchases (plural noun)- the action of buying something:"the large number of videos currently available for purchase" · "we carefully make our purchases after consulting each other"
- a thing that has been bought:"she stowed her purchases in the car"
- lawthe acquisition of property by means other than inheritance.
- archaicthe annual rent or return from land:"a lease valued at seven year's purchase"
- a hold or position on something for applying power advantageously, or the advantage gained by such application:"the horse's hooves fought for purchase on the slippery pavement" · "an attempt to gain a purchase on the soft earth"
- a block and tackle.
OriginMiddle English: from Old French pourchacier ‘seek to obtain or bring about’, the earliest sense also in English, which soon gave rise to the senses ‘gain’ (hence, in nautical use, the notion of ‘gaining’ one portion of rope after another) and ‘buy’.Similar and Opposite Wordsverbnoun- a hold or position on something for applying power advantageously, or the advantage gained by such application:
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- In law, the term “purchase” is used to describe any mode of acquiring real property other than by inheritance12. In its most technical sense, purchase refers to the lawful acquisition of real estate by any means except descent2. The term “purchase” can also refer to taking property by sale, lease, discount, negotiation, mortgage, pledge, lien, security interest, issue or reissue, gift, or any other voluntary transaction creating an interest in property3. A purchase agreement is a legally binding contract between a buyer and seller that outlines the purchase price and other conditions under a title transfer4.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.The word “purchase” is used in law in contradistinction to “descent,” and means any other mode of acquiring real property than by the common course of in- heritance.thelawdictionary.org/purchase/In its most enlarged and technical sense, purchase signifies the lawful acquisition of real estate by any means whatever, except descent. It is thus defined by Littleton, section 12.legal-dictionary.thefreedictionary.com/purchase(29) " Purchase " means taking by sale, lease, discount, negotiation, mortgage, pledge, lien, security interest, issue or reissue, gift, or any other voluntary transaction creating an interest in property.www.law.cornell.edu/ucc/1/1-201A purchase agreement is a legally binding contract between a buyer and seller. These agreements usually relate to the buying and selling of goods instead of services, and they can cover transactions for just about any type of product. In real estate, a purchase agreement outlines the purchase price and other conditions under a title transfer.www.upcounsel.com/definition-of-purchase-agree…
Purchase legal definition of Purchase
WebTo buy; the transfer of property from one person to another by an agreement. Under the Uniform Commercial Code (UCC), taking by sale, discount, negotiation, mortgage, pledge, lien, issue, reissue, gift, or any voluntary transaction. West's Encyclopedia of …
See results only from legal-dictionary.thefreedictionary.comPurchase Order
Purchase Order. A document authorizing a seller to deliver goods, with payment to …
Purchased legal definition o…
Purchase. To buy; the transfer of property from one person to another by an …
§ 1-201. General Definitions. | Uniform Commercial Code | US …
WebThe web page provides the legal definition of purchase and related terms in the Uniform Commercial Code, a set of laws governing commercial transactions in the United …
PURCHASE Definition & Meaning - Black's Law Dictionary
WebPURCHASE Definition & Legal Meaning. Definition & Citations: The word “purchase” is used in law in contradistinction to “descent,” and means any other mode of acquiring real …
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Purchasing Law and Legal Definition | USLegal, Inc.
WebPurchasing Law and Legal Definition. Purchasing is the act of buying the goods and services that a company needs to operate and/or manufacture products.
Purchase - FindLaw Dictionary of Legal Terms
WebPurchase. purchase vb. pur·chasedpur·chas·ingvt1: to acquire (real property) by means other than descent or inheritance 2: to obtain by paying money or giving other valuable …
What are Purchase Agreements Used For? | LegalMatch
WebDec 3, 2020 · A purchase agreement is a legally binding contract between a purchaser and a seller. It is a legal document that outlines the different terms and conditions that …
- Estimated Reading Time: 8 mins
Definition of PURCHASE • Law Dictionary • TheLaw.com
WebLegal definition for PURCHASE: In its most enlarged and technical sense, purchase signifies the lawful acquisition of real estate by any means whatever, except …
Purchase Order Law | UpCounsel 2024
WebJan 1, 2024 · A purchase order is a document that is sent from the buyer to the supplier to place an order. The purchase order often includes the type of item, the quantity …
Purchase order vs. purchase agreement | LegalZoom
WebFeb 2, 2024 · Contract basics. Purchase orders. Purchase agreements. When to use a PO and when to use a purchase agreement. Purchase orders and purchase agreements …
What is a Purchase and Sale Agreement? Know the Basics
WebA purchase and sale agreement, also called a sales and purchase agreement or a purchase and sales contract, is a legally binding document that parties in a transaction …
Purchase Order Law and Legal Definition | USLegal, Inc.
WebPurchase Order Law and Legal Definition. A purchase order represents the formal and final agreement to a purchasing transaction with a vendor. It identifies: the vendor. the …
What Is Purchase and Sale Agreement Definition? - UpCounsel
WebFeb 1, 2023 · Purchase and sale agreement definition is a type of legal contract that creates an obligation for the purchaser to buy a product or a service and for the …
Business Purchase Agreement: All You Need to Know - Contract …
WebA business purchase agreement, also called a “BPA,” is a legal contract between a buyer and seller, where the buyer acquires the ownership of a business entity (typically both …
Legal Definition of Transactions: Understanding the Basics
Web1. Legal Compliance: Transactions often involve legal obligations and responsibilities. By understanding the legal definition of transactions, you can ensure that your business …
Purchase Agreement: What Is It? How It Works - Contract Lawyers
WebA purchase agreement, also known as a real estate purchase agreement and purchase and sales agreement, is a legal instrument between two or more parties for the purchase …
What is a Purchase Order and How Does It Work? - Bench …
Webon. January 3, 2020. A purchase order is a document sent from a purchaser to a vendor to confirm a specific purchase of goods or services. One little document can go a long way in clearing up the logistical confusion of a growing business. How are purchase orders different from an invoice?
purchase Definition, Meaning & Usage | Justia Legal Dictionary
Webpurchase. Definitions of "purchase" The act of acquiring real property in ways other than through descent or inheritance. The process of getting something by giving money or something of value in return. The action of buying a particular thing. An event where a purchase takes place.
Sales and Purchase Agreement (SPA): What It Is, With Examples
WebAug 2, 2023 · A sales and purchase agreement (SPA) is a binding legal contract that obligates a buyer to buy and a seller to sell a product or service. SPAs are often …
What Is the Definition of Purchase Agreement? - UpCounsel
WebFeb 1, 2023 · The definition of purchase agreement is a type of contract that outlines various terms and conditions related to a sale of goods.3 min read updated on February 01, 2023. What a Purchase Agreement Is Used For. A purchase agreement is a legally binding contract between a buyer and seller.
Purchases legal definition of purchases - TheFreeDictionary.com …
WebPurchase. To buy; the transfer of property from one person to another by an agreement. Under the Uniform Commercial Code (UCC), taking by sale, discount, …
Purchase Definition & Meaning - Merriam-Webster
WebHow to use purchase in a sentence. to obtain by paying money or its equivalent : buy; to acquire (real estate) by means other than descent; to obtain by labor, danger, or …
Purchase order definition: What is a PO, and how does it work?
WebNov 19, 2021 · A purchase order, commonly abbreviated to PO, is a legally binding document that confirms a business’s intent to buy goods or services from a supplier. It details the full list of items being purchased including quantities, payment terms and agreed delivery dates. There are multiple reasons to issue a PO.
sales | Wex | US Law | LII / Legal Information Institute
WebSales Law: An Overview. Transactions for the sale and leasing of goods is governed mainly by sales laws of each state. Every state, with the exception of Louisiana, has adopted Article Two of the Uniform Commercial Code (UCC) as the main body of law regulating transactions in goods.
Purchased legal definition of purchased
WebPurchase. To buy; the transfer of property from one person to another by an agreement. Under the Uniform Commercial Code (UCC), taking by sale, discount, …
asset purchase agreement - LII / Legal Information Institute
WebAn asset purchase agreement is a contract under which a seller transfers to a buyer a portion or all of the assets of an entity. Although the content of an asset purchase …
Purchaser Law and Legal Definition | USLegal, Inc.
WebPurchaser Law and Legal Definition. A purchaser generally means a person or firm contracting with a seller for services or merchandise to be provided or delivered for a named individual. It is someone who provides something of value, such as money, under a contract of sale to obtain goods or services from a seller.
Straw Buying: What it Means, How it Works, Examples
WebUpdated June 08, 2022. Reviewed by. JeFreda R. Brown. Fact checked by. Michael Logan. What Is Straw Buying? Straw buying is when an individual makes a purchase on …