Purchase

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Purchase

Buy; be long; have an ownership position.

Buy

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 ?
Looking at gender differences, significantly more men than women are responsible for purchases of beer and malt beverages (15.3 percent vs.
For example, its board members decided several years ago to purchase an enterprise resource planning (ERP) system, which would integrate everything from course registration to human resources in a single piece of software.
What buyer wants to purchase the stock of an accountancy corporation and assume liability for claims against the selling entity, such as malpractice or employment-based claims?
Insisting on purchase orders (POs) may not be immediately practical in every organization, but those that have adopted it have been able to reap tremendous benefits in AP and in purchasing.
The subsidiary then used this account to purchase stocks and bonds.
To induce employees to relocate and facilitate their transition, employers offer various bundles of benefits; home purchase programs are often among the services provided.
Small businesses don't have to do business with the government in order to take advantage of the purchasing card, says Gary Rice, senior account executive at Atlanta-based Global Payments Inc., which sets up companies to accept Visa and Mastercard purchases. He says many large corporations also use the cards and seek out suppliers who accept them.
When possible, procurements are first made using micro-purchase procedures, which are less than or equal to $2,500; then small purchase procedures, which are greater than $2,500 and no more than $100,000; and finally, contract procedures for all procurements greater than $100,000.
Use of the Governmentwide Commercial Purchase Card for Micro-Purchases (DFARS Case 2003-D059)
[section] 1817(j), its implementing regulation, and an order of the Board when they acquired control of the Bank through a series of coordinated purchases without obtaining the Board's prior approval.
Weaknesses in VHA's controls over the use of purchase cards and convenience checks resulted in instances of improper, wasteful, and questionable purchases.

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