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sales agreement

DEFINITIONS OF: sales agreement

1

n an agreement (or contract) in which property is transferred from the seller (vendor) to the buyer (vendee) for a fixed price in money (paid or agreed to be paid by the buyer)

Synonyms:
sale
Types:
conditional sale
a sale in which the buyer receives title to the property only upon the performance of some condition (usually the full payment of the purchase price)
execution sale, forced sale, judicial sale, sheriff's sale
a sale of property by the sheriff under authority of a court's writ of execution in order satisfy an unpaid obligation
Type of:
agreement, understanding
the statement (oral or written) of an exchange of promises
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