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Buy; be long; have an ownership position.


To take ownership of some asset in exchange for some monetary remuneration. Buying may take any of several forms. In a cash purchase, the buyer gives cash or a cash equivalent immediately in exchange for the asset. In a credit sale, the buyer takes ownership immediately in exchange for future payment, often with interest. An example of buying is a simple transaction involving widgets. If the buyer is willing to pay $2 per widget and the seller wishes to sell 100 widgets, then the seller gives to the buyer 100 widgets and, in their place, receives $200. See also: Sale.
References in periodicals archive ?
Government agencies were to have purchased and introduced to federal fleets some 10,000 light-duty alternative-fueled vehicles in 1995 alone, and by fiscal 1999, 75 percent of all federal purchases would be of "green" cars and trucks.
Distributing or Controlled stock acquired by purchase within the five-year period (including stock indirectly acquired by purchase) will no longer be considered as purchased if (and when) the basis resulting from that purchase is eliminated.
Suspect guns, firearms purchased by a suspected trafficker but not yet recovered, usually are trafficked illegally.
Importantly, they should also take steps wherever possible to capture data from the vendors' point-of-sale transaction systems on the items purchased, tax paid and the like.
Under a joint-life policy plan, one insurance policy on the shareholders' joint lives is purchased.
If, on the other hand, the purchase requires investigation because either an entire business is bought or other assets are being purchased that require due diligence and a financial investment prior to the purchase, the purchaser may want to enter into a binding agreement with the DIP (or the bankruptcy trustee) subject only to bankruptcy court approval.
Under the stock consistency rules of section 338(f), a corporation that purchased 80 percent or more of the stock of each of two related corporations within a designated acquisition period was required to treat those corporations in the same manner for purposes of section 338, with the treatment of the first corporation acquired controlling the treatment of the second.
The Tax Court agreed with the IRS and held that, while Hamilton correctly placed the acquired inventory in the same pool as subsequently purchased or produced inventory, it Constituted a separate item.
C]orporation A purchased 30 percent of the common stock of corporation W (the only class of stock outstanding) for cash in 1939.

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