Basket Purchase

(redirected from Lump-Sum Purchase)

Basket Purchase

The purchase of a large number of assets, as opposed to a single asset. For example, a company may buy 1,000 widgets instead of one widget at a time. Retailers commonly make basket purchases to manage their inventory. A basket purchase is also called a lump-sum purchase.
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References in periodicals archive ?
Instead of pitching the same old index annuity, consider putting that lump-sum purchase into an Index Universal Life (IUL) policy.
If, through product marketing, guaranteed income option, the consumer value proposition retirees believe the monthly consistently communicated is income is low relative to the "monthly premium needed to purchase lump-sum purchase price of the monthly income," the lump-sum annuity.
1060(a) provides that a lump-sum purchase price will be allocated among specific assets using the residual method approach prescribed in Sec.