Related Words

Advance Purchase Requirement: An airfare that must be purchased a certain number of days ahead of departure, usually 7, 14, or 21 days, for the best fare.

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

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

Purchase And Sale: A method of securities distribution in which a firm purchases securities from the issuer for its own account at a stated price and then resells them, as contrasted with a best-efforts sale.

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

Purchase Invoice: See Invoice .

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

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