bill of sale

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Bill of Sale

A document a seller gives to a buyer stating that a sale occurred on a given date, at a given place, for a given amount of compensation. A bill of sale is a type of receipt and may be used as proof in court if there is a dispute. See also: Absolute bill of sale, Condition bill of sale.

bill of sale

A written instrument used to transfer ownership of personal property. Many buyers insist on a general bill of sale, in addition to a deed, to ensure that all property intended to pass in the sale actually does so.Some states have held that certain real estate-related interests are actually personal property,and attempted sales via deed were void.

References in periodicals archive ?
Besides the incomplete bill of sale and the dated deeds belonging to the residents of Willow Springs, we are offered yet another text--the genealogy of the Days.