Sale

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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

  1. 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.
  2. 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).
  3. 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.
References in periodicals archive ?
The atmosphere in a traditional saleroom is exhilarating, even with live online-bidding, which is standard practice at Tennants across major sales.
John said: "It will be a strange feeling mounting the saleroom rostrum for one last time today and I and many other people will certainly miss it.
It is a shame because it has always been a saleroom.
We are proud that by using our international network of sale locations and the combined talents and experience of our team of dedicated specialists across three international salerooms, we have been able to achieve the best possible results for this remarkable collection," said Jussi Pylkkaanen, president of Christie's Middle East and Europe.
And live online auctions mean that even remote provincial salerooms find they can attract bidders from more than 20 countries at any one time--wherever you are, you're global.
Aston's is one of a growing number of auctioneers in the UK who are using the saleroom.
A single plate can be had in the saleroom for around PS30, compared to PS80-120 for rarer Ogilby plates.
So there was no shortage of takers when four of his works came up for sale in Liverpool's newest saleroom, Partridge & Bray.
The auction is at the Welsh Bridge saleroom next Thursday at 3.
The police driver then swerved to avoid the pedestrian and hit a wall at the Popular Cars saleroom.
Sales and departments grew rapidly to create more specialist auctions and by 1960 a new saleroom in Lots Road, Chelsea was set up to house this expanding market.