Chase: 1. A pronounced lateral movement of the upper body in the downswing in an attempt to keep the hands and body mass in front of the club head through impact (usually for the purpose of lowering the trajectory of a shot) 2. To run the ball along the ground instead of carry it through the air

 

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Chase: 1. A pronounced lateral movement of the upper body in the downswing in an attempt to keep the hands and body mass in front of the club head through impact (usually for the purpose of lowerin . . . View Full Definition

Purchases Account: An account in which all inventory purchases are recorded: used with the periodic inventory method.

Purchases Journal: A special journal in which credit purchases are recorded.

Purchase Returns And Allowances: A contra-purchase account used for recording the return of, or allowances for, previously purchased merchandise.

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 Discount: A reduction in the purchase price, allowed if payment is made within a specified period.

Purchase-Money Mortgage: A mortgage given as part of the buyers consideration for the purchase of real property, and delivered at the same time that the real property is transferred as a part of the transaction. It . . . View Full Definition

Purchaser Road Credits: Credits granted to purchasers of timber in the national forests in exchange for the construction of permanent roads specified in the timber sale contract. The amount of the credits is the Fo . . . View Full Definition

Lease Purchase: The purchase of real property, the consummation of which is preceded by a lease, usually long-term. Typically done for tax or financing purposes.

Employee Stock Purchase Plan: An employer-sponsored plan that allows employees to purchase company stock below the fair market value.