Sales Contract

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Sales Contract

Contract between a seller and buyer for the sale of goods, services, or both.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Sales Contract

A contract between two parties in which one relinquishes ownership of some asset in exchange for some monetary compensation. Sales contracts specify the terms of sale, which 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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

sales contract

See agreement of sale.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
Of the total traded value for the five-month period, $1.08 billion worth of contracts were sales contracts, while $1.72 billion worth of transactions were mortgage deals, a report from Oman Observer added.
Of the total traded value for the five-month period, RO418.9 million worth of transactions were sales contracts, while RO662.4 million transactions were mortgage deals, it said.
Of the total traded value till the end of October, RO802.2mn worth transactions were sales contracts, while RO1.4bn transactions were mortgage deals.
The company signed multiple sales contracts with Qingdao Gabsan Trading Co., Ltd., a Chinese trading company affiliated with H-MART Group, a supermarket chain which operates Korean supermarkets in the U.S., Canada, Europe and India.
The company sells the remaining electricity and steam generation from its 125 MW gas-fired cogeneration power plant to industrial users under long-term sales contracts (20 years on average).
by ONAOf the total value in the first four months, OMR340.9 million were sales contracts, while OMR664.6 million transactions were mortgage deals, added the NCSI report.
Property buyers in Dubai who are in breach of their sales contracts on off-plan projects will find the going tough from now on.
Understanding the basics of sales contracts is a good start for any credit manager monitoring the deals of international transactions.
M2 EQUITYBITES-August 19, 2016-NF Energy Saving secures USD600,000 in sales contracts in China
The traded value of sales contracts declined by 3.5% to $981m (OMR378m).