This is a method that is used by a company to show all items that have beem purchased on a credit basis. These items are not paid for at the […]

The way a product is purchased by an individual or company. It may include cash or credit or payment by a cheque.

This is the purchase price by which a person will sell property to another person who does not qualify for a loan from a bank. This is a type of […]

This is the market in which a property is bought. This is an aspect of the purchase market. Other aspects include refinancing where another mortgage is taken out to rreplace […]

a term that means to buy stock and not pay the full price that will be paid later on.

This applies to a product or property that has been leased to a lessee and they now have the option to the purchase the product or property that they were […]

A document that has been generated by the buyer in order to purchase products or property. This document allows a transaction to occur and when accepted by the seller becomes […]

the price that has been agreed upon by owner and buyer for the transferring of a property.

The documents generated by store room personel that will allow the replacement of stock that has been purchased by customers. The document is then passed on to the purchase department […]

This is a document that is used to record all stock that has been returned by a customer. The customer has the returned the stock item and been given a […]

The characteristics that are associated with an item or product to be purchased. It can include weight, size and dimensions, quality, safety requirements and the products performance parameters.

When cash is used to pay for an acquisition . It adds revalued assets, liabilities, and equity to their sheet. The difference between fair market and merger price are put […]

A promotional method used to sell excess stock or items at a reduced price with the purchase of another item. The second item will be at a reduced price only […]

In Canada this is time that is added to a Canadian’s pension that they were previously not qualified to receive a pension. Times include maternity leave, military service and paternity […]

One who acquires real property in any other mode than by descent. One who acquires either real or personal property by buying it for a price in money; a buyer; […]

Some one who purchases a product without knowing that another person has already made claim to it. The first purchaser is unaware that another person has an option to buy […]

A ledger into which all purchases are entered. All inventory is recorded in to this ledger. It is used for periodic inventories and enables a company to keep a record […]

This is a discount that is applied to a product at the point of purchase. The discount is advertised and is applied is to the item at the time of […]

Known as a purchase day account. This is a second ledger into which all daily transactions are entered. They will subsequently be put into a main ledger that will show […]

A second ledger that is used to record details of purchases. The credits and debits are recorded here from the main ledger.this is a subsidiary ledger that is entirely seperate […]

This is a policy that a company provides to its customers who wish to return an item previously purchased and then returned to the place of purchase. The item is […]

The act by a person who buys goods and services from a trader or company. The goods and services can be for an individual or used by a company to […]

The person who purchases products, goods and services after screening the products for their various qualities. They will contact suppliers and agrre on prices and quantites.

An alternate term for a long hedge. An option that is brought about to protect against a possible drop in interest rates. It is used in order to protect the […]

A place that small buyers can go to and get a better price by buying in bulk. The smaller buyers gather in this hub in order to get a better […]