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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.

West's Encyclopedia of American Law, edition 2. Copyright 2008 The Gale Group, Inc. All rights reserved.

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.

A Law Dictionary, Adapted to the Constitution and Laws of the United States. By John Bouvier. Published 1856.
References in periodicals archive ?
This level of cooperation is based not just on SL Green's size and purchasing power, but also on the day-to-day working relationship that their team has fostered with companies like Con Ed Solutions.
"The purchasing directors are probably the most cohesive unit despite that volumes differ significantly," Snyder says.
* AP should always tell purchasing if it is going to hold off on payments beyond agreed-upon terms.
"Once a company is in the supplier-enrollment database, other customers who may not have known about the products or services--and who may have gone elsewhere--may take a closer look based on the fact that the company accepts the purchasing card," says Rice.
The second point came on or about December 2, 1997, when Respondent Carl Thomas and his wife, Respondent Eva Thomas, made a purchase of shares through a nominee which brought their joint ownership from about 18,814 to approximately 20,539 shares and elevated the Purchasing Group's ownership to over 25 percent.
It would be a good idea for facilities considering starting or signing on with a regional GPO to check its compliance with the new Code of Conduct Principles published by the Health Industry Group Purchasing Association, or HIGPA, at www.higpa.org/pressroom/2002/7-29HIGPACode.pdf.
Gateway's eSource saves time, lowers operating costs and streamlines the purchasing chain--while also offering discounts on Gateway products.
He is not entirely successful in this endeavor because he does not address whether or not individual consumers believed their needs were being met by the cooperative purchasing programs of the Grange.
CNAD also holds bimonthly conference calls with as many as 200 purchasing officers (from government and Fortune 500 companies) in 30 states.
Personnel responsible for procuring health care products and services (materials managers or purchasing agents) come from varying backgrounds.
Another solution to the risk-spread and adverse-selection problems may be the formation of purchasing groups other than employer groups.
Purchasing titles through netLibrary is not ordinarily a way of getting cheaper-than-print electronic access to books.

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