Category: P

The risk taken that may include the decline in the value of goods and services after they have been purchased. Any resulting loss that may rrsult from a particular purchase.

One who acquires real property in any other mode than by descent. One who acquires either real or personal property by buying it for a price in money; a buyer; vendee. In the construction of registry acts, the term “purchaser” is usually taken in its technical legal sense. It means a complete purchaser, or, in other words, one clothed with the legal title. Steele v. Spencer, 1 Pet. 552, 559, 7 L. Ed. 259.

Absolute; complete; simple; unmixed; unqualified; free from conditions or restrictions; as in the phrases pure charity, pure debt, pure obligation, pure plea, pure villenage, as to which see the nouns.

the price that has been agreed upon by owner and buyer for the transferring of a property.

The documents generated by store room personel that will allow the replacement of stock that has been purchased by customers. The document is then passed on to the purchase department to order goods from the suppliers.

This is a document that is used to record all stock that has been returned by a customer. The customer has the returned the stock item and been given a refund or credit note for the amount of the purchased product.

The money that is required to buy a property such as a business. The bank or lender of the remaining funds does not care about the origin of the money. It can be money that the buyer has saved or has collected from other investors.

The characteristics that are associated with an item or product to be purchased. It can include weight, size and dimensions, quality, safety requirements and the products performance parameters.

The commitment by a purchaser to buy a property. There is no formal commitment to purchase and the buyer can change their mind about purchasing the product. It is an intention to purchase not a formal commitment to buy.

When cash is used to pay for an acquisition. It adds revalued assets, liabilities, and equity to their sheet. The difference between fair market and merger price are put in a goodwill account. Refer to pooling of interests