Basket Purchase

(redirected from Lump Sum Purchase)

Basket Purchase

The purchase of a large number of assets, as opposed to a single asset. For example, a company may buy 1,000 widgets instead of one widget at a time. Retailers commonly make basket purchases to manage their inventory. A basket purchase is also called a lump-sum purchase.
References in periodicals archive ?
The purpose and intent of this bid solicitation is for a one time lump sum purchase of Galley Line Equipment for Rock Lake Middle School located in Seminole County Florida.
I'm assuming that the purple bra picture was a lump sum purchase, perhaps the person who sold the pictures made as much as 10,000 dollars.
Like a pension annuity, it is a lump sum purchase and is payable as long as the policyholder is alive.
Speak can make small monthly payments instead of a one time, lump sum purchase.