Sale

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Related to Absolute Sale: conditional sale

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 ?
He was able to convince Barbie to state in the deed of absolute sale that the purchase stated purchase price is at P300,000 to reduce the taxes.
Q: Were the courts correct in declaring the deed of absolute sale void?
In January 2009, Cavite entered into a deed of absolute sale with Montesclaros over 14 parcels of land in Barangay Santiago, General Trias, Cavite measuring 209,147 square meters for a total of P125.48 million.
"Twenty-five companies engaged in the business of selling, dealing and developing real estate had declared gross receipts lower than the actual proceeds from their selling transactions as indicated in the Deeds of Absolute Sale in support of the payment of Property Transfer Taxes," COA reported.
Through this Secretary's Certificate, Jim was able to enter into a Deed of Absolute Sale conveying the subject property to the Spouses Lee.
But the SC pointed out that RESA was enacted on June 29, 2009, while the deed of absolute sale executed between the province of Cavite and Montesclaros along with the subsequent disbursement vouchers (DV) were all dated and processed in January 2009.
(ALI) on Thursday said it signed a deed of absolute sale with Central Azucarera de Tarlac Inc.
The deed of absolute sale on the property was signed by Chief Justice Lucas P.
It is worth mentioning that Karnataka Cabinet recently decided to execute the absolute sale of land to JSW Steel, which is based out of Vijayanagar in Ballari district in the state.
The board had also authorized Aranas to sign, execute and deliver the deed of absolute sale to the winning bidder and all documents on the planned sale.
On the basis of said SPA, Akihiro found buyers for property and made Hazel sign three Deeds of Absolute Sale in favor of two Filipino-Chinese women-buyers for a total consideration of P22,034,000.
The board had also authorized Aranas to sign, execute and deliver the deed of absolute sale and all pertinent documents to the winning bidder.