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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.

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 ?
Ministers favour an outright ban on the use of bills of sale for lending to consumers, but other measures being considered include the introduction of a voluntary code of practice, and reform of legislation governing the loans.
The number of registered bills of sale has increased in recent years, with nearly 40,000 taken out in the year to the end of March, with lending to consumers thought to total around pounds 30m.
The Government has launched a consultation to decide whether it's the end of the road for bills of sale, mainly used for logbook loans.
While credit has been tight from banks and high street lenders over the past few years, the number of registered bills of sale has risen.
The book includes more than 50 heartrending photographs, mostly portraits of the storytellers and their environments, as well as newspaper advertisements of auctions and bills of sale.
Other popular items include slave bills of sale ($375 to $500); old photos dating from before World War II; autographs of black sports figures, such as Jackie Robinson, Joe Louis or Jack Johnson; items from the civil rights movement, especially things associated with the Black Panther Party; and pictures, books, posters and other objects associated with black leader Marcus Garvey.