Purchases
Definitions
- (n.) Items or assets acquired by a party, often in exchange for value, under a contract of sale or similar agreement.
The company recorded all its purchases for the fiscal year in the ledger.
- (v.) Third-person singular present tense of purchase.
She purchases supplies for the office every month.
Forms
- purchase
- purchased
- purchasing
Related terms
See also
Commentary
As a plural noun, 'purchases' refers to multiple acquisition transactions; as a verb form, it is the third-person singular present of 'purchase'.
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.