purchase order
Definition
Buyer-generated document that authorizes a purchase transaction. It sets forth the descriptions, quantities, prices, discounts, payment terms, date of performance or shipment, other associated terms and conditions, and identifies a specific seller. When accepted by the seller, it becomes a contract binding on both parties. Also called order.
Mentioned in these definitions
Popular 'Accounting & Auditing' Terms
purchase order in the news
Loading...
This content can be found on the following page:
http://www.businessdictionary.com/definition/purchase-order.html
