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 ?
Ross Schneiderman and Steve Kaufman exclusively represented the seller and Peter Cukin represented the purchaser in the transaction between Atlantis Worldwide (seller) and 761 Nepperhan Avenue (purchaser).
Whether the contract creates a present obligation on the seller to execute and deliver a deed and a present obligation on the purchaser to make payments;
Although receiving a license back, the original owner may be concerned that the license will be rejected in the event of insolvency of the purchaser insurance company or that the purchaser may dilute the value of the intellectual property by subsequent assignments, sublicensing and public disclosure.
Historically, the asset purchase agreement did control what liabilities a purchaser would assume.
For those taxpayers who sell part of a foreign affiliate with the intention of retaining some interest in the purchaser or the business, the rules may be so restrictive that the taxpayer may never be able to access the surplus associated with the sale.
First, the purchaser should conduct critical due diligence of the facility in an effort to learn as much as possible about its existing and potential liabilities.
A break-up fee is a sum of money that the estate commits to pay to the proposed purchaser if the court does not approve the purchaser's offer.
In either case, the purchaser may not be controlled by any officers, shareholders, or employees of the seller and the sale must be at arm's length.
When purchasing a firearm, each purchaser must complete the ATF Firearms Transaction Record, which provides the information licensees use to verify that an individual can legally buy a firearm and enables law enforcement officers to track firearm purchases.
Casting purchasers are the sort likely regarded with lukewarm feelings by foundrymen, who feel the price pressure even as they read about their customer's profits in the newspaper business sections.
Once it becomes apparent to both the purchaser and accountant why things are done by each professional," said Carter, "then they are able to negotiate a set of procedure that are suitable for both.

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