Related Words

Purchase Agreement: Used in connection with project financing; an agreement to purchase a specific amount of project output per period.

Linked Agreement: Two agreements, appearing to be separate, which are in fact linked. For example, in areas where laws prohibiting the taking of deposits on timeshare property exist, the buyer may be presente . . . View Full Definition

Residential Purchase Agreement: A model purchase agreement form, initially developed in 1985 by the California Association of Realtors® in cooperation with the State Bar Association, that ensures a real estate purchase agr . . . View Full Definition

Purchase Method: Accounting for an acquisition using market value for the consolidation of the two entities' net assets on the balance sheet. Generally, depreciation/amortization will increase for this metho . . . View Full Definition

Purchase Loan: A consumer loan taken to finance a purchase.

Purchase Ledger: A subsidiary ledger which holds the accounts of a business's suppliers. A single control account is held in the nominal ledger which shows the total balance of all the accounts in the purcha . . . View Full Definition

Purchase Fund: Resembles a sinking fund, except that money is used to purchase bonds only if they are selling below their par value.

Purchase Invoice: See Invoice .

Purchase Money Loan: A loan for the purpose of purchasing a home.

Purchase Order: A written order to buy specified goods at a stipulated price.