Buy

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Buy

To purchase an asset; taking a long 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.

buy

A bargain-priced asset. For example, an analyst may feel that a particular firm owns valuable assets overlooked or undervalued by the financial community. In such an instance, the firm's stock is considered a buy.

buy

To purchase a security or other asset. Compare sell.
References in classic literature ?
They either inherited or bought a gallery more or less full of old pictures.
With this intention he sold all he had and bought merchandise suitable to the voyages he was about to make.
And the Doctor went and saw the sailor who had lent him the boat, and he bought two new ships for him and a rubber-doll for his baby; and he paid the grocer for the food he had lent him for the journey to Africa.