BUY

To acquire the ownership of property by giving an accepted price or consideration therefor; or by agreeing to do so ; to acquire by the payment of a price or value; to purchase. Webster.

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BUY AMERICAN ACT

The Buy American Act (BAA – ) passed in 1933 by Congress and signed by President Roosevelt, required the United States government to prefer U.S.-made products in its purchases.

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BUY AND HOLD

Buy and hold is a long term investment strategy based on the view that in the long run financial markets give a good rate of return despite periods of volatility or decline. This viewpoint also holds that short term market timing, i.e.

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BUY AND SELL AGREEMENT

Both partnerships and director/shareholder controlled companies need agreements to help ensure a satisfactory disposal of shares in certain circumstances. The ‘buy and sell’ route is one such, where it is written into a wider agreement that in the event of death or retirement, one party will sell the business share, and another buy. A fixed agreement rather than an option.

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BUY AND WRITE

Strategy requiring the simultaneous purchase of underlying securities and the writing of call options over those securities representing the same number of those securities.

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BUY BACK AGREEMENT

A contract between a purchaser and vendor in which the vendor agrees to repurchase the property from the purchaser if a certain event occurs within a specified period of time. The buy-back price is usually set out in the agreement.

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BUY IN

To purchase, at public sale, property which is one’s own or which one has caused or procured to be sold.

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BUTT

A measure of liquid capacity, equal to one hundred and eight gallons; also a measure of land.

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BUY LIMIT ORDER

A conditional trading order that indicates a security may be purchased only at the designated price or lower. Related: Sell limit order.

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BUTTALS

The bounding lines of land at the end; abuttals, which see.

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