purchase

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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 ?
The agent explained that the houses were built that way, as the purchasers generally preferred to finish the basements to suit their own taste.
Our owner was a practical person and he perceived that this defect must be mended if he hoped to find a purchaser for the king.
Hence the fine opportunity to purchasers which was well pointed out in the handbills of Mr.
The purchasers are credited with the amount of labor performed by their particular slaves.
But she was spared any struggle, for when she reached the place, the ticket office was blocked up by eager purchasers and the disappointed faces that turned away told Polly there was no hope for her.
The letters must go off, and the Post Office allowed no credit to purchasers of stamps.
Pope's 'Iliad' and 'Odyssey' afforded the first notably successful instance of another method, that of publication by subscription--individual purchasers at a generous price being secured beforehand by solicitation and in acknowledgment having their names printed in a conspicuous list in the front of the book.
The Hebrew aide-de-camp in the service of the officer at the table bid against the Hebrew gentleman employed by the elephant purchasers, and a brisk battle ensued over this little piano, the combatants being greatly encouraged by Mr.
I contrived to reconcile Laura to my departure by telling her that I was going to the country to find new purchasers for her drawings and for mine, and I left her occupied and happy.
A foreman-representative of the dust contractors, purchasers of the Mounds, had worn Mr Wegg down to skin and bone.
the only neighbouring thing at all akin to the other little captives, some of whom, shrinking from the hot hands of drunken purchasers, lie drooping on the path already, while others, soddened by close contact, await the time when they shall be watered and freshened up to please more sober company, and make old clerks who pass them on their road to business, wonder what has filled their breasts with visions of the country.
It might have been fancied, indeed, that she expected to minister to the wants of the community unseen, like a disembodied divinity or enchantress, holding forth her bargains to the reverential and awe-stricken purchaser in an invisible hand.

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