Purchasing
/ˈpɜːrtʃəsɪŋ/
Definitions
- (n.) The act or process of acquiring goods or services, especially in business and law contexts.
The company’s purchasing department handled all supplier contracts.
Related terms
See also
Commentary
In legal contexts, "purchasing" often overlaps with "procurement," but the latter may imply a broader process including negotiation and contract management.
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.