sale

sale   (sāl)    n.   The exchange of goods or services for an amount of money or its equivalent; the act of selling. An instance of selling. An opportunity for selling or being sold; demand. Availability for purchase: a store where pets are for sale. A selling of property to the highest bidder; an auction. A special disposal of goods at lowered prices: coats on sale this week. sales Activities involved in selling goods or services. Gross receipts. [Middle English, from Old English sala, from Old Norse.]

sale 

Sale

1) In general, a transaction between two parties where the buyer receives goods (tangible or intangible), services and/or assets in exchange for money.

2) An agreement between a buyer and seller on the price of a security.

Investopedia Commentary

Every day, millions of people take part in countless sales transactions across the globe, creating a constant flow of value which forms the backbone of our economies. Sales of investment vehicles in the financial markets represent highly refined value exchanges.

For example, consider a typical middle-class person purchasing their first home. Obviously, a sale occurs when the home is sold to the buyer. However, there are many layers of sales surrounding the deal. Very likely, a lending institution would sell financing, via a mortgage, to the homebuyer. Then, the lending institution likely sells that mortgage to another individual as an investment. An investment manager could earn a living trading bundles of mortgages and other kinds of debt financing.

Related Links

Economics Basics Tutorial
Understanding Economic Value Added

See also: Barter, Buyer's Market, Crystallization, Purchase Price, Trade, Wash Sale

Main Entry: sale
Function: noun
1 a : the transfer of title to property from one party to another for a price; also : the contract of such a transaction —see also SHORT 2 —compare BARTER, DONATION, EXCHANGE, GIFT

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absolute sale
: a sale that takes place without conditions and with title simply passing to the buyer upon payment of the price —compare CONDITIONAL SALE in this entry

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bulk sale
: a sale not in the ordinary course of the seller's business of more than half of the seller's inventory called also bulk transfer
NOTE: Article 6 of the Uniform Commercial Code governs bulk sales. Under section 6-102(c), in order for a sale to be considered a bulk sale, the buyer (or an auctioneer or liquidator if the sale is an auction) must have been given notice or been able upon reasonable inquiry to have had notice that the seller will not afterward continue to operate the same or a similar kind of business.

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cash sale
: a sale in which payment must be made in cash
NOTE: Under U.C.C. section 2-310, payment must be made in cash at the time and place that the buyer receives the goods unless there is a prior agreement between the parties for a sale on credit.

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conditional sale
: a sale that is complete only when one or more conditions are met; specifically : a sale in which the seller extends credit to the buyer to purchase the item and takes a security interest in the item with the buyer receiving title when the debt has been fully paid off —compare ABSOLUTE SALE in this entry

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execution sale
: a sale carried out to execute a judgment under authority of a judicial officer (as a court clerk) but not by court order

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forced sale
: a sale of property ordered by a court in order to satisfy a creditor's judgment against a debtor

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foreclosure sale
: a sale of property upon default of a mortgage to satisfy the debt

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judicial sale
: a sale of property conducted by an authorized official by order of a court : FORCED SALE in this entry

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private sale
: an often unadvertised sale of property that is not open to the general public and does not take place at a set time or place

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public sale
: a sale (as an auction) that is publicly advertised and that takes place at a location open to the public

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sale in gross
: a sale of a tract of land that is not made with a guarantee as to the exact amount of land involved; also : the sale of an undivided property (as in execution of a judgment)

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sale on ap·prov·al
: a conditional sale whose completion depends on acceptance of the goods by a buyer (as a consumer) receiving them primarily for use with the option to return them if they do not meet his or her approval even though they conform to contract

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sale or return
: a conditional sale whose completion depends on acceptance of the goods by a buyer (as a merchant) receiving them primarily for resale with the option to return them if they are not resold even though they conform to contract

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sheriff's sale
: a forced sale of property by a sheriff or deputy sheriff

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tax sale
: a forced sale of property resulting from nonpayment of taxes by the owner —compare tax lien at LIEN b : a contract for selling or disposing of a security or an interest in a security for value —see also SHORT 2b, WASH SALE
2 : the transfer of a controlled substance to another person for money or other consideration
3 : a selling of goods at lower than usual prices
4 plural a : operations and activities involved in promoting and selling goods and services sales> b : gross receipts c : income calculated under the accrual basis of accounting

sale

see close the sale; on sale; white sale.