seller


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Seller

A person or organization that relinquishes ownership of some asset in exchange for some monetary compensation. 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. A seller is distinguished by the fact that he/she receives payment, as opposed to a buyer, who gives payment, or a donor, who relinquishes an asset for free. See also: Buyer.

seller

a supplier of a GOOD, SERVICE or FINANCIAL SECURITY. In the first two cases, a broad distinction can be made between suppliers of goods and services such as raw materials, components, plant and equipment which are used to produce other products (that is, suppliers of industrial products) and sellers of products for personal consumption (that is, suppliers of consumer products).

The distinction between these two groups is important in terms of the application of appropriate MARKETING STRATEGIES.

References in classic literature ?
Successful herself, she wanted all her friends to be successful; but Beverley, to her discomfort, remained a cheery failure, and worse, absolutely refused to snub Sellers.
Do you think Mr Sellers will settle down again cheerfully to hack-work when you stop buying his pictures, and he finds out that--that--'
Those remarks of yours about fools' paradises were not inspired solely by the affairs of Sellers.
March 15 /PRNewswire/ -- Small business owners are finding that given the current market, offering seller financing can help sell their business.
Exemption Form: In the situation described above, current SSUTA Section 312 provides that a purchaser that does not hold a direct-pay permit must provide the seller with an MPU Exemption Form.
As part of an offer on a three-bedroom house in Long Beach, Yowanda and Lay Salter asked that the seller throw in $10,000 to cover closing costs on the $545,000 property.
As a result, many of these transactions, especially for smaller firms or single partner firms being bought by key employees, are structured so the seller actively encourages clients to remain with the buyer.
Reimbursables involve exchanges of goods and services in which the seller uses his or her organization's own funds and gets reimbursed by the buyer, usually through a military interdepartmental purchase request (MIPR).
Broker Brian Sarath exclusively represented the seller with Partner Mahmud Wazihullah;
In stage one, a seller typically relocates into the buyer's office--the seller's practice becomes an infrastructure within the buyer's.
We frequently hear stories that the terms of private company acquisitions are moving in the direction of limited seller representations and warranties and even more limited rights of recourse, post-closing.