sale
Definition
Contract involving transfer of the possession and ownership (title) of a good or property, or the entitlement to a service, in exchange for money or value. Essential elements that must be present in a valid sale are (1) competence of both the buyer and seller to enter into a contract, (2) mutual agreement on the terms of exchange, (3) a thing capable of being transferred, and (4) a consideration in money (or its equivalent) paid or promised. See also sales.
sale is in the Advertising, Marketing, & Sales and Corporate, Commercial, & General Law subjects.
sale appears in the definitions of the following terms:
quotation,
customer-centric,
deferred revenue,
cost of sales to payables ratio,
promotional advertising,
booking,
non-recurring cost,
deed of assignment,
secured creditor,
delivered duty paid (DDP) [named port or place of destination]
and
sale appears in these other terms:
total assets to sales ratio,
conditional sale agreement,
tax sale certificate,
sales comparison approach,
sale contract,
depreciation to sales ratio,
consignment sale,
sales aptitude,
last sale,
trust for sale
and
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