Purchase
61Purchase price adjustment — Purchase Price Adjustments capture the change in value of an asset typically between the negotiation and closing.ExampleAntonio purchased property from Shylock for $50,000. At closing, Antonio paid $10,000 to Shylock and executed a promissory… …
62purchase price adjustment — USA A provision typically found in acquisition agreements providing for an adjustment to the purchase price paid by the buyer for the business. Purchase price adjustments are usually based on the target company s financial condition as of the… …
63purchase money security interest — see interest 1 Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. purchase money security interest …
64purchase offer — Also purchase agreement, purchase offer, sales agreement and earnest money contract. Agreement between buyer and seller of property which sets forth in general the price and terms of a proposed sale. Short Dictionary of (mostly American) Legal… …
65Purchase Money Security Interest — (Purchase Money Security Interest or PMSI pronounced pimzee ) A security that a person takes in property, such as inventory for example, that secures payment with regard to those assets of all or part of its purchase price. (Dictionary of… …
66purchase-money obligation — USA The obligation secured by a purchase money security interest under the Uniform Commercial Code (UCC § 9 103(a)(2)). Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010 …
67purchase order — A document authorizing a seller to deliver goods, with payment to be made at a later date. Dictionary from West s Encyclopedia of American Law. 2005. purchase order A document authorizing a seller to de …
68purchase daybook — purchase (day)book purchase (day) book ➔ book1 …
69purchase money resulting trust — see trust Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …
70purchase price — n [singular] formal the price that has to be paid for something, especially a house ▪ We borrowed 80% of the purchase price …
