point of sale (POS)

Related Terms
Point at which a sale is made, the ownership (and usually the possession) is transferred from the seller to the buyer, and indirect taxes (such as VAT) become payable. Commonly, a retail outlet.

Use 'point of sale (POS)' in a Sentence

They were at the point of sale, which meant that the duties now resided with the buyer and not my dad, who was the seller.
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The point of sale transaction involving the credit card in question had several records of the transaction taking place which was useful.
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When you are approaching the point of sale you must make sure to not say anything that may change their mind
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