purchase

(redirected from purchased)
Also found in: Dictionary, Thesaurus, Financial, Encyclopedia, Wikipedia.
Related to purchased: purchasing power

Purchase

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.

purchase

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 classic literature ?
When I returned with my dear-bought honours, purchased by toil and blood, I found her wedded to a Gascon squire, whose name was never heard beyond the limits of his own paltry domain
That necklace of yours was purchased with his money; and I can almost fancy stains of blood "
This academy is not an entire single building, but a continuation of several houses on both sides of a street, which growing waste, was purchased and applied to that use.
I have purchased five sheep, or five goats with nine kids, for a piece of calico worth about a crown.
To proceed, then: Don Fernando finding my presence an obstacle to the execution of his treacherous and wicked design, resolved to send me to his elder brother under the pretext of asking money from him to pay for six horses which, purposely, and with the sole object of sending me away that he might the better carry out his infernal scheme, he had purchased the very day he offered to speak to my father, and the price of which he now desired me to fetch.
Twas clear that a vision of them, purchased for twenty paltry gold pieces, had been with him all through the night, in his dreams.
It is well known that the deputies of the United Provinces have, in various instances, been purchased by the emissaries of the neighboring kingdoms.
To exercise exclusive legislation, in all cases whatsoever, over such district (not exceeding ten miles square) as may, by cession of particular States and the acceptance of Congress, become the seat of the government of the United States; and to exercise like authority over all places purchased by the consent of the legislatures of the States in which the same shall be, for the erection of forts, magazines, arsenals, dockyards, and other needful buildings.
He had reached the temple of mirth just as Ajax's act was commencing, and having purchased a box seat was now leaning breathlessly over the rail watching every move of the great ape, his eyes wide in wonder.
Having purchased the usual quota of shirts and shoes, he took a leisurely promenade about the streets, where crowds of people of many nationalities--Europeans, Persians with pointed caps, Banyas with round turbans, Sindes with square bonnets, Parsees with black mitres, and long-robed Armenians--were collected.
He had purchased a substantial carriage, built in 1648, ten years after the king's birth.
Thou forgettest, however, Ben-Levi," replied Abel-Phittim, "that the Roman Pompey, who is now impiously besieging the city of the Most High, has no assurity that we apply not the lambs thus purchased for the altar, to the sustenance of the body, rather than of the spirit.

Full browser ?