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Sale
(redirected from sale-or-return)

    Also found in: Dictionary/thesaurus, Legal, Encyclopedia 0.01 sec.
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.
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Here are some of the calls we've taken: Arum Patel runs a newsagents in Croydon, Surrey: "The rep wrote sale-or-return on the contract but they demanded full payment of pounds 496.
Sorted: Return of the Makki; MORE VICTIMS OF PHONE CARD BOSS by The Mirror (London, England)
Akbar Ravat says: "I returned the cards and they are suing me for the money, even though I was given them on a sale-or-return basis.
Sorted: The card sharp; BOSS IS ACCUSED OF TELE-PHONEY OFFER by The Mirror (London, England)
 
 
 
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