Purchase

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Purchase

Buy; be long; have an ownership 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.
References in periodicals archive ?
In 1992, 16 years after the law passed, only 12 percent of paper purchased by the government complied with the law.
Second, it does not provide a disqualified person with a purchased basis in any Controlled stock.
Thus, if a crime gun recovery traces back to a purchaser, law enforcement officers should check with the tracing center to see if the same individual purchased other firearms.
In general terms, the information required is that necessary to determine the parties to the transaction, the date of the transaction, the goods and services purchased, the unit and total price, the destination, and the tax paid or charged.
In general, the boundaries for corporate purchasing have shifted, ushering in a fundamental change in the way goods are purchased," said Robert Levaro, vice president of Commercial Cards at Visa.
4) Nonetheless, total reported loan applications and purchased loans increased more than 50 percent, from 7.
Based on the final results, the value of the 259,574 shares to be purchased will be $4,218,077.
Each then has an ownership interest of $666,667 in Hawk (value of their original one-quarter interest of $500,000, plus the $166,667 of shares purchased from Jane's estate).
When the asset being purchased does not require significant due diligence and no material time or financial investment is required to determine whether the asset being purchased is appropriate, it may be most flexible for the buyer to simply appear at the bankruptcy court hearing and make the offer.
Most notably, officials purchased or rented 102 bungalows between January 1998 and August 1998.
Under the stock consistency rules of section 338(f), a corporation that purchased 80 percent or more of the stock of each of two related corporations within a designated acquisition period was required to treat those corporations in the same manner for purposes of section 338, with the treatment of the first corporation acquired controlling the treatment of the second.
Although the Federal Circuit followed the Court of Federal Claims in holding that the bargain-purchased inventory must be accounted for separately from subsequently purchased similar goods, it reversed the lower court on the question of basis by deciding that the base-year cost of the bargain-purchased goods was the acquisition cost, not the FMV.

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