Point of Sale
/ˈpɔɪnt əv soʊld/
Definitions
- (n.) The time and place where a retail transaction is completed, and payment is made for goods or services.
The point of sale system recorded the transaction instantly.
Forms
- point of sale
- points of sale
Related terms
See also
Commentary
In legal contexts, the point of sale denotes when ownership and risk may transfer, important for contract and consumer protection law.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.