Sale


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Sale

An agreement between a buyer and a seller on the price to be paid for a security, followed by delivery.

Sale

The act of relinquishing ownership of some asset in exchange for some monetary compensation. Sales may take any of several forms. In a cash sale, the seller receives cash or a cash equivalent immediately in exchange for the asset. In a credit sale, the seller surrenders ownership immediately in exchange for future payment, often with interest. An example of a sale is a simple transaction involving widgets. If the seller is willing to accept $2 per widget, and the buyer wishes to purchase 100 widgets, then the seller gives the buyer 100 widgets in exchange for $200. See also: Buy.

sale

  1. the purchase of a good or service by a buyer from a seller at a stated PRICE or, in some instances, through a BARTER or COUNTERTRADE arrangement.
  2. price reductions applied to individual items or across the board for a limited period of time by a seller, to increase sales of existing products (a sales period), to clear old stocks prior to selling new lines (an end of season sale), or to sell off the stock of a bankrupt business (a closing down sale).
  3. a specially convened gathering of sellers and buyers organized as a one-off event such as a jumble sale or on a regular basis such as a monthly AUCTION of second-hand cars.
References in periodicals archive ?
The draft proposal, released in early February 2006, sought to allow states with local option sales and use taxes to adopt their own sourcing rules for intrastate sales, subject to certain limits.
The fourth quarter sales in Westchester County (actual closings with title passed in the period October 1 to December 31, 1996) numbered 1,848.
Examples provided in the MTC regulations include gross receipts from the sale of office furniture and business automobiles.
The true object test, however, suffesr serious deficiencies when the purchase is a mixed sale and service transaction.
Furnishing of prewritten software releases as entitlement following an original sale of electronically delivered software.
1997 should continue to witness a seller's sales market and a decrease in product.
The regulation specifically dealing with gain from the sale of property clearly adopts the functional test:
com) Sales rep: Steve May, Lisa Peterson (lpeterson@primediabusiness.
Digman, Michael, VP Medical Sales, Guy & O'Neill, Inc.
Since no political jurisdiction in the world has ever successfully replaced an income tax with a sales tax, why should we believe the United States is different?
Developing key metrics to track company sales performance
com) Ad Sales Dir: Bernice Salter (bernice@fbcpublishing.