legal definition of purchase - Search
  1. Dictionary

    pur·chase
    [ˈpərCHəs]
    verb
    purchase (verb) · purchases (third person present) · purchased (past tense) · purchased (past participle) · purchasing (present participle)
    1. acquire (something) by paying for it; buy:
      "Mr. Gill spotted the manuscript at a local auction and purchased it for $1,500"
      • archaic
        obtain or achieve with effort or suffering:
        "the victory was purchased by the death of Rhiwallon"
    2. nautical
      haul in (a rope or cable) or haul up (an anchor) by means of a pulley, lever, etc..
    noun
    purchase (noun) · purchases (plural noun)
    1. 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"
      • law
        the acquisition of property by means other than inheritance.
      • archaic
        the annual rent or return from land:
        "a lease valued at seven year's purchase"
    2. 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.
    Origin
    Middle 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’.
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    Similar and Opposite Words
    noun
    1. a hold or position on something for applying power advantageously, or the advantage gained by such application:
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    2. People also ask
      What is a sales and purchase agreement?A **sales and purchase agreement (SPA)** is a binding legal contract between two parties that obligates a transaction to occur between a buyer and seller.SPAs are commonly used in real estate transactions,
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    3. 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 purchaser
      dictionary.findlaw.com/definition/purchase.html
       
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