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 ?
A default by the supplier under the sales agreement provides TEAC with the option to terminate the sales agreement.
As part of the sales agreement, initial funding will be provided for a charitable foundation to advance viticultural and enological science and education in Oregon.
The Partnership has filed permits to develop the Tunnel Ridge mine and is currently in discussions to secure coal sales agreements.
The power sales agreement between SPA and SMUD is a take-and-pay arrangement through Dec.
The exit involved the restructuring of a power purchase agreement between Aquila and LSP Energy Limited Partnership, which owns the Batesville power plant, and a power sales agreement between Aquila and South Mississippi Electric Power Association (SMEPA), which uses the power purchased by Aquila from the plant.
In addition to the power generation assets, the acquisition includes a 750-megawatt firm capacity sales agreement with Con Edison, a subsidiary of Consolidated Edison, Inc.
The "normal purchase and sales" exemption in FAS 1 33 allows companies to ignore the fact that their purchase and sales agreements satisfy the definition of a derivative, as long as certain conditions are met.
Additional positive factors over the past year include favorable progress on the federal relicensing of both the hydroelectric projects, and the implementation of the new power sales agreements with the non-Grant PUD purchasers of the Priest Rapids project output, which took effect Nov.

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