Purchase


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Purchase

Buy; be long; have an ownership position.

Buy

To take ownership of some asset in exchange for some monetary remuneration. Buying may take any of several forms. In a cash purchase, the buyer gives cash or a cash equivalent immediately in exchange for the asset. In a credit sale, the buyer takes ownership immediately in exchange for future payment, often with interest. An example of buying is a simple transaction involving widgets. If the buyer is willing to pay $2 per widget and the seller wishes to sell 100 widgets, then the seller gives to the buyer 100 widgets and, in their place, receives $200. See also: Sale.
References in periodicals archive ?
In fact, for a transition to be successful, this is often the primary job description for the selling CPA, both before the actual purchase is closed and for a period of time afterward.
Gateway's eSource offers a flexible extranet that allows customers to manage all of their technology purchases through a single customized Web site.
If effectively implemented, these controls should help strengthen the overall Air Force purchase card control environment as well as controls over statement reconciliation and approval,'' the report said.
The State of Vermont, where a "Clean State Initiative" is endeavoring to purchase only chlorine-free paper and textile products because of concerns about the environmental impact of dioxin (a byproduct of chlorine bleaching).
For low-income applicants, the approval rates rose sharply and the denial rates fell for applications for both government-backed and conventional home purchase loans.
Power purchase and sales agreements have some special considerations, as noted in the FASB's May exposure draft, paragraph 58b.
In a cross-insurance arrangement, each shareholder purchases an insurance policy on the life of each of the other shareholders based on their interests in the corporation.
Thus, whether your client should in fact come to the hearing unannounced or contract to become a stalking horse depends upon the nature of the asset being bought and the circumstances of the purchase.
At the end of the correspondence, Bowen detailed a list of incidents that created a need to purchase the portable classrooms in an expedited manner.
Alternatively, a non-corporate stock purchaser may create a new corporation, infuse it with cash, and cause the new corporation to purchase the target stock and effect a section 338 election.
Electronic Purchase Plans Vary Surprisingly Among Genders and Incomes
For example, a direct purchase by Distributing of all Controlled stock, followed by a distribution of that stock, would have been a disqualified distribution under the proposed regulations.