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

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.
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).
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 ?

For taxable interstate transactions, the concept of destination-based sourcing has not caused significant controversy; most states and businesses recognize the practicality of sourcing sales and collecting tax based on the situs of the purchaser or where the purchased items ultimately will be used.

Will the push for origin-based sourcing derail SST?

The fourth quarter median sale price of $158,500 and mean sale price of $185,455 both were about 6 percent above comparable 1995 averages.

Home sales are up in Westchester, Putnam

1) substantial amounts of gross receipts from the occasional sale of a fixed asset used in the regular course of the taxpayer's trade or business;

Factually speaking: an overview of the sales factor

Is a software purchase a sale of property or an intangible?

The fundamentals of sales and use taxes; states are turning to sales and use taxes to meet growing revenue needs

The ruling noted that, because the sale of prewritten software delivered electronically to customers is not a sale of tangible personal property, it is generally not subject to sales and use taxation.

Virginia sales tax treatment of electronically provided software

The average sale price in Carnegie Hill declined from $2.

East Side residential townhouse sales are robust

The difference between the transactional and the functional tests is particularly important in connection with the sale of a business because often the sale of the business will not be a regular incident of the taxpayer's operations.

When does the sale of corporate assets produce business income for state corporate franchise tax purposes?

com) Sales rep: Tom Shearing, Warsaw, NY 585/786-0611 List rental: Dawn Speckmann, 630/462-2330

U.S. publications

Christensen, David, VP Sales, S & S Worldwide, CT

Who's who in the industry

What makes this split particularly frustrating is that the flat tax and sales tax are virtually identical.

Taxing times: squabbling between flat taxers and sales taxers could allow the Internal Revenue Code to escape unscathed

Number of employees: 9 Publisher/Ad Sales Dir: Paul Nolan (pnolan@betterfarming.

Canadian publications

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