| Library / English Dictionary |
SALES AGREEMENT
| Pronunciation (US): |  | (GB): | |
I. (noun)
Sense 1
Meaning:
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)
Example:
the salesman faxed the sales agreement to his home office
Synonyms:
sale; sales agreement
Classified under:
Nouns denoting communicative processes and contents
Hypernyms ("sales agreement" is a kind of...):
agreement; understanding (the statement (oral or written) of an exchange of promises)
Hyponyms (each of the following is a kind of "sales agreement"):
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)
