buy


buy
To acquire the ownership of property by giving an accepted price or consideration therefor; or by agreeing to do so; to acquire by the payment of a price or value; to purchase. To obtain something for a price, usually money.
See also purchase
@ Buy American acts
Federal and state statutes which require a preference for American made goods over foreign made goods in government contracts. The purpose of such acts is to protect domestic industry, goods and labor.
See 41 U.S.C.A. No. 10
@ buy and sell agreement
An arrangement, particularly appropriate in the case of a closely-held corporation or a partnership, whereby the surviving owners (i.e. shareholders or partners) or the entity (i.e., corporation or partnership) agree to purchase the interest of a withdrawing or deceased owner (i.e., shareholder or partner).
The buy and sell agreement provides for an orderly disposition of an interest in a business and is beneficial in setting the value of such interest for death tax purposes.
An agreement between or among part-owners of a business that under stated conditions (usually severance of employment, disability, or death), the person withdrawing or his heirs are legally obligated to purchase their interest to the remaining part-owners, and the remaining part-owners are legally obligated to sell at a price fixed in the agreement either on a dollar basis or on a formula for computing the dollar value to be paid.
@ entity buy and sell agreement
A buy and sell agreement whereby the entity is to purchase the withdrawing or deceased owner's interest. When the entity is a corporation, the agreement generally involves a stock redemption on the part of the withdrawing shareholder
@ buy-down
Money that is paid by or on behalf of a homeowner at the time of purchase to reduce the mortgage interest rate and thereby lower monthly payments. Home builders frequently offer buy-downs
@ buyer
One who buys; a purchaser, particularly of chattels. A person who buys or contracts to buy goods. U.C.C. No. 2-103(lXa).
See also purchaser
@ buyer in ordinary course of business
A person who in good faith and without knowledge that the sale to him is in violation of the ownership rights or security interest of a third party in the goods buys in ordinary course from a person hi the business of selling goods of that kind but does not include a pawnbroker. "Buying" may be for cash or by exchange of other property or on secured or unsecured credit and includes receiving goods or documents of title under a pre-existing contract for sale but does not include a transfer in bulk or as security for or in total or partial satisfaction of a money debt. U.C.C. No. 1-201(9)
@ buyer's market
Situation where supply is greater than demand
@ buy in
See buying in
@ buying dormant titles
The purchase of the rights or claims to real estate of a person who is not in possession of the land or is deceased. Such purchases were declared void by English statute (1541); and are similarly void in most states.
See also bracery
@ buying in
Buying of property at auction or tax or mortgage foreclosure sale by original owner or by one with interest in property
@ buying long
Purchase of stocks now with the expectation of selling them for a profit in the future
@ buying on margin
Purchase of security with payment part in cash and part by a loan. Normally, the loan is made by the broker.
See also margin account
@ buyout
The purchase of a controlling percentage of a company's shares. A buyout can be accomplished through negotiation, through a tender offer, or through a merger.
@

Black's law dictionary. . 1990.

Synonyms:

Look at other dictionaries:

  • buy — [bī] vt. bought, buying [ME bien < OE bycgan < ? IE base of BOW1] 1. to get by paying or agreeing to pay money or some equivalent; purchase 2. to get as by an exchange [buy victory with human lives] 3. to be the means of purchasing [all… …   English World dictionary

  • Buy — (b[imac]), v. t. [imp. & p. p. {Bought} (b[add]t); p. pr. & vb. n. {Buying} (b[imac] [i^]ng).] [OE. buggen, buggen, bien, AS. bycgan, akin to OS. buggean, Goth. bugjan.] 1. To acquire the ownership of (property) by giving an accepted price or… …   The Collaborative International Dictionary of English

  • buy-in — ˈbuy in noun [countable] FINANCE when a company buys its own shares from existing shareholders; = BUYBACK: • A buy in has the advantage of removing small shareholders and frees the parent company to run the unit. ˌmanagement ˈbuy in FINANCE when… …   Financial and business terms

  • Buy — may refer to:* BUY (Burlington Alamance Regional Airport), Burlington, North Carolina * Buy.com, a shopping website * Buy (album), a 1979 album by James White and the Contortions * Buy River, a river in Perm Krai and the republics of… …   Wikipedia

  • buy — I verb acquire by purchase, acquire ownership of, bargain for, complete a purchase, contract, get in exchange, make a purchase, make one s own, mercari, obtain, order, pay a price for, pay cash for, pay for, procure, procure title to, purchase,… …   Law dictionary

  • Buy — Cette page d’homonymie répertorie les différents sujets et articles partageant un même nom. {{{image}}}   Sigles d une seule lettre   Sigles de deux lettres > Sigles de trois lettres …   Wikipédia en Français

  • buy — ► VERB (buys, buying; past and past part. bought) 1) obtain in exchange for payment. 2) get (something) by sacrifice or great effort. 3) informal accept the truth of. ► NOUN informal ▪ a purchase …   English terms dictionary

  • Buy — ist der Name folgender Personen: Frans du Buy (* 1931), niederländischer Jurist und Völkerrechtler Margherita Buy (* 1962), italienische Schauspielerin Siehe auch: Best Buy, US amerikanisches Unternehmen mit Firmensitz in Richfield, Minnesota …   Deutsch Wikipedia

  • buy — buy, purchase mean to acquire something for money or an equivalent. Buy is at once the more general and the homelier word; consequently, while it may be freely used of any such transaction, it is distinctly the word of choice in respect to small …   New Dictionary of Synonyms

  • Buy — Buy, v. i. To negotiate or treat about a purchase. [1913 Webster] I will buy with you, sell with you. Shak. [1913 Webster] …   The Collaborative International Dictionary of English

  • Buy Me — is a television program that is currently aired on HGTV in the U.S. (since 2005), and on HGTV Canada (since 2003), where it is that cable network s most popular show. It is also seen in Belgium and South Africa, either dubbed or with subtitles.… …   Wikipedia


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