- 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 …
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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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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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Purchase - FindLaw Dictionary of Legal Terms
Webpur·chasedpur·chas·ingvt1: to acquire (real property) by means other than descent or inheritance 2: to obtain by paying money or giving other valuable consideration …
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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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WebJan 16, 2021 · A 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 …
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WebFeb 2, 2024 · A purchase agreement is a legal document that is signed by both the buyer and the seller. Once it is signed by both parties, it is a legally binding contract. The seller …
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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 …
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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 …
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WebJan 1, 2024 · Purchase Order Law: Everything You Need to Know. Purchase order law is a legal agreement that occurs between a purchaser and a supplier to authorize a …
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asset purchase agreement - LII / Legal Information Institute
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Purchases legal definition of purchases - 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, …
Purchase Definition & Meaning - Merriam-Webster
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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 …
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WebApr 16, 2024 · The purchase price paid by the purchaser is based on a valuation of the equity or assets being sold by the seller. If the purchase price is paid in cash, the cash …
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WebJun 13, 2022 · A straw purchase, as defined by the Bureau of Alcohol, Tobacco, Firearms and Explosives, involves someone who purchases a gun for someone who is …
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Purchaser legal definition of Purchaser - TheFreeDictionary.com …
WebPURCHASER, contracts. A buyer, a vendee. 2. It is a general rule that all persons, capable of entering into contracts, may become purchasers both of real and personal property. 3. …
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