seller

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Seller

A person or organization that relinquishes ownership of some asset in exchange for some monetary compensation. 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. A seller is distinguished by the fact that he/she receives payment, as opposed to a buyer, who gives payment, or a donor, who relinquishes an asset for free. See also: Buyer.

seller

a supplier of a GOOD, SERVICE or FINANCIAL SECURITY. In the first two cases, a broad distinction can be made between suppliers of goods and services such as raw materials, components, plant and equipment which are used to produce other products (that is, suppliers of industrial products) and sellers of products for personal consumption (that is, suppliers of consumer products).

The distinction between these two groups is important in terms of the application of appropriate MARKETING STRATEGIES.

References in periodicals archive ?
Sellers, Bank of New York Mellon Trust Company NA successor, JP Morgan Chase Bank; buyer, Ocwen Loan Servicing LLC; Deed.
The form simply is intended to reallocate the burden of determining the proper apportionment of tax away from the seller and onto the purchaser, which presumably maintains sufficient business records to support the apportionment of sales/use tax to multiple jurisdictions.
Realtors across the region say the days of home sellers getting 40 great offers and cherry-picking the best are history.
Sellers may want to protect themselves by demanding security for the unpaid purchase price or life insurance on the buyer.
Because sellers now have back-up resources and can devote less time to administrative duties, they can focus on increasing the value of the practice.
Hence, a seller can also reduce buyer angst by fully and objectively disclosing the condition of the vehicle in the eBay listing.
Argrett and Cedric Penix, Fulcrum's principal, also urge sellers to make sure their legal files, board minutes, leases, and contracts are in order before embarking on a sale.
1) A buyer (or seller) that provides information concerning the buyer (or seller) and the products or services it seeks to buy (or sell) and allows sellers (or buyers) to submit expressions of interest, bids, offers, orders and confirmations relating to such products or services; or
To reduce the financial burdens on sellers, states will assume greater responsibility for implementing the streamlined sales tax system.
Representative studies include Patricia Adler's work on upper-level drug dealers in California, and Terry Williams' more recent ethnographic study of street-level cocaine sellers in New York City.
Ultimately, the success of the deal for both the buyer and the seller hinges on the establishment of a reasonable price, the acquisition of needed capital along with appropriate repayment terms, and a smooth handoff of the business from seller to buyer.