HyperDic: private_treaty

English > 1 sense of the expression *private treaty*:
NOUN	act	private treaty	a sale of property at a price agreed on by the seller and buyer without an intervening agency

English > *private treaty*: 1 sense > noun 1, act
Meaning	A sale of property at a price agreed on by the seller and buyer without an intervening agency.
Broader	selling, merchandising, marketing	The exchange of goods for an agreed sum of money