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To buy; the transfer of property from one person to another by an agreement. Under the Uniform Commercial Code (UCC), taking by sale, discount, negotiation, mortgage, pledge, lien, issue, reissue, gift, or any voluntary transaction.


verb acquire, acquire ownership of, assume ownership, buy, buy up, collect, gain, invest in, make payment for, obtain, order, pay for, pick up, procure, prooure title to, redeem, secure, secure for a consideration
Associated concepts: words of purchase
See also: acquire, buy, commerce, deal, leverage, procure, secure, takeover, trade, transaction

PURCHASE. In its most enlarged and technical sense, purchase signifies the lawful acquisition of real estate by any means whatever, except descent. It is thus defined by Littleton, section 12. "Purchase is called the possession of lands or tenements that a man hath by his own deed or agreement, unto which possession he cometh, not by title of descent from any of his ancestors or cousins, but by his own deed."
     2. It follows, therefore, that not only when a man acquires an estate by buying it for a good or valuable consideration, but also when it is given or devised to him be acquires it by purchase. 2 Bl. Com. 241.
     3. There are six ways of acquiring a title by purchase, namely, 1. By, deed. 2. By devise. 3. By execution. 4. By prescription. 5. By possession, or occupancy. 6. By escheat. In its more limited sense, purchase is applied only to such acquisitions of lands as are obtained by way of bargain and sale for money, or some other valuable consideration. Id. Cruise, Dig. tit. 30, s. 1, to 4; 1 Dall. R. 20. In common parlance, purchase signifies the buying of real estate and of goods and chattels.

References in periodicals archive ?
For example, the leather-trimmed Almera Elegance joins the SE, SE+, Sport and Sport+ grades in being purchasable over 24 months with 0 per cent finance and a 50 per cent deposit.
But soon all bodily organs will be miraculously changed into purchasable items.
Gasoline, sometimes watered, was purchasable on street corners by the liter.
These have benefits that extend to the wider society, but they are not public goods in the strict sense of not being purchasable by individuals.
Previously purchasable as additional modules, both qualitative (behavioral) and numerical simulation is now included within the core tools at no extra cost.
The AIREX Market provides single sign-on access to hundreds of thousands of individually purchasable products, bringing together sellers that include FactSet Research Systems, Morningstar, Mercer, and Nasdaq, with many more global and boutique providers coming on line every week.
Those designs that comprises everything from a 3D dinosaur, a 3D rocket, to a DIY smartphone stand--will be available online as individual purchasable projects on Cricut's online store, Cricut Design Space.
Swatches of these 28 colors in various fabrics are purchasable with free shipping.
In its second edition, Design Days Dubai is the only design fair in the Middle East and South Asia, which brings the most exclusive selection of purchasable, limited-edition designs to the region.
We had applied for compounding as well as the purchasable FAR in September last year, but it could not materialise as the model code of conduct came into force soon after and a new government came into power," Amprapali Group executive director Shivpriya Singh, said.
LPOD has four new membership passes for the 2011 season, all purchasable online through www.
Paterson cited the Mumbai terrorist attacks as an example of how off-the-shelf, purchasable technology was used to devastating effect.