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 ?
If the employee did not obtain an acceptable third-party offer, he or she could transact a regular sale through the RSC.
Because of California's high income tax rates, many clients will be subject to the AMT where they have a large amount of taxable gain from the sale of their business.
According to generally accepted accounting principles (GAAP), because of the simultaneous 15-year leaseback, the entire pre-tax gain of $5 million would be recognizable over the life of the lease, rather than in the year of the sale.
"With QuickBooks Point of Sale, Intuit is helping to close the gap between the 'corner store' and the mega-retailer," said Dan Levin, vice president of QuickBooks Financial Solutions.
1) an "over-the-counter" rule, sourcing the sale to the business location where the sale occurs;
Of these 76 respondents, 41 were reuse stores only and 28 combined both deconstruction or salvage with retail reuse sales or wood reuse/recycling.
REBNY's Cooperative and Condominium Reports, the most comprehensive available for the Manhattan market, reported that the Downtown area (South of 42nd Street) had the highest neighborhood median sales price for condominiums at $849,000, a 27% increase from last year.
Hwy 34, P O Box 437, Yuma, CO 80759; 970/848-5336, 800/446-5328, FAX: 970/848-5338 E-mail: inject@plains.net Web site: www.agri-inject.com Pres/CEO: Gary Newton Natl Sales Mgr: Brian L.
Sales remained roughly stable at $25.18 billion, compared to $24.98 billion in 2002.