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.

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References in periodicals archive

What's for Sale: Apparel, general merchandise, textbooks, books

The online bookstore as competitive edge: some are undisputed revenue generators; some are the best marketing tools a brick-and-mortar bookstore ever had. Either way, the online campus store is here to stay

Hans-Werner Spiller was named sales engineer with responsibility for sales and customer service for Wardell Braiding Machine.

People in the News

For sales team manager, Fred Thomas--the book's principal focus--failure means ending a 16-year streak in the hallowed President's Club, losing out on a trip to Palm Springs, and infuriating Frank Pacetta, who might otherwise help land him a less stressful job.

The Force

Ask representatives about their experiences and ask for sales numbers from the company.

The eight myths of direct selling: looking for the big payoffs of being on your own? Well, before you jump in, here's what you really need to know about the direct sales business

Chrysler dealers from Thunder Bay to North Bay say they expect the remainder of the year and early next year to remain relatively good for sales.

Chrysler's sales, leasing figures match 1989's; dealers optimistic

Two decisions during 2005 addressed whether certain treasury functions should be reported at gross or net proceeds for sales factor apportionment purposes.

Current corporate income tax developments

(See "Installment Sale Reporting for Accrual-Method Taxpayers--Gone But Not Forgotten?" JofA, Jun.00, page78.) Section 536(a) of the Ticket to Work and Work Incentives Improvement Act of 1999, which enacted IRC section 453(a)(2), repealed use of the method for sales and other dispositions entered into after December 16, 1999.

Installment method again available for accrual-basis taxpayers