Related Words

Advance Purchase Excursion (Apex): Generally the lowest and most heavily restricted airfare.

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 Invoice: See Invoice .

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

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

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

Purchase Of Development Rights (PDR): The acquisition of property development rights through voluntary sale by the landowner to a government agency or land trust. The government agency or land trust acquiring development rights . . . View Full Definition

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

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