- 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 inheritance1. It can refer to the acquisition of property by paying money or giving other valuable consideration, such as a sale, mortgage, pledge, lien, or gift2. The Uniform Commercial Code governs voluntary transactions that create an interest in property2.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.PURCHASE Definition & Legal Meaning Definition & Citations: 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/1 : to acquire (real property) by means other than descent or inheritance 2 : to obtain by paying money or giving other valuable consideration ;specif : to take (property) by a voluntary transaction (as a sale, mortgage, pledge, lien, or gift) that creates an interest and that is governed by the Uniform Commercial Code see also bona fide purchaserdictionary.findlaw.com/definition/purchase.html
Purchase legal definition of Purchase - TheFreeDictionary.com …
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 American …
See results only from legal-dictionary.thefreedictionary.comPurchase Order
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§ 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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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 …
- Estimated Reading Time: 3 mins
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 …
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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.
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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 …
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 …
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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 …
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Web1. Legal Compliance: Transactions often involve legal obligations and responsibilities. By understanding the legal definition of transactions, you can ensure that your business …
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 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 …
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 …
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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 …
Definition of PURCHASE • Law Dictionary • TheLaw.com
WebPURCHASE. TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed. In its most enlarged and technical sense, purchase signifies the lawful acquisition of real estate by …
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 …
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, negotiation, …
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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 …
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 …
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 …
Purchase Order Definition: 16k Samples | Law Insider
WebPurchase Order definition. Open Split View. Cite. Purchase Order means the form or format a Customer uses to make a purchase under the Contract (e.g., a formal …
18 U.S. Code § 932 - LII / Legal Information Institute
WebIt shall be unlawful for any person to knowingly purchase, or conspire to purchase, any firearm in or otherwise affecting interstate or foreign commerce for, on behalf …
Asset Purchase Agreement (Pro-Seller Long Form) | Practical …
WebA long-form agreement for the purchase and sale of a division or line of business of a private US corporation, drafted in favor of the seller. It can be used by a seller when it …
Minnesota Senate Approves Bill to Expand Straw Purchase Law, …
Web5 days ago · Minnesota Senate passes a bill targeting straw purchases of firearms, expanding the definition and increasing penalties for illegal transfers.