Purchase
/ˈpɜːrtʃəs/
Definitions
- (n.) The act or process of acquiring property or goods by paying for them.
The company's purchase of new equipment increased productivity.
- (v.) To acquire property or goods by paying money or its equivalent.
She purchased a house in the city last year.
Forms
- purchases
- purchased
- purchasing
Related terms
See also
Commentary
In legal drafting, clarify whether 'purchase' refers to the act or the object to avoid ambiguity.
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.