Meaning | An agreement (or contract) in which property is transferred from the seller (vendor) to the buyer (vendee) for a fixed price in money (paid or agreed to be paid by the buyer). |
---|
Example | "the salesman faxed the sales agreement to his home office" |
---|
Synonym | sale |
---|
Narrower | conditional sale | A sale in which the buyer receives title to the property only upon the performance of some condition (usually the full payment of the purchase price) |
---|
sheriff's sale, execution sale, judicial sale, forced sale | A sale of property by the sheriff under authority of a court's writ of execution in order satisfy an unpaid obligation |
Broader | agreement, understanding | The statement (oral or written) of an exchange of promises |
---|
Spanish | venta |
---|
Catalan | venda |
---|