cash sale

cash sale
A sale by the terms of which payment of the purchase price and delivery of the goods sold are to be concurrent. Western Seed Marketing Co. v Pfost, 45 Idaho 340, 262 P 514; a sale for the money in hand. Upon such a sale the owner is not bound to deliver the goods until the price is paid. If the price cannot be ascertained until the goods are weighed or measured, ordinarily no property passes to the purchaser until that is done. Steward v Scudder, 24 NJL 96, 101.

Ballentine's law dictionary. . 1998.

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  • cash sale — ➔ sale * * * cash sale UK US noun [C] ► COMMERCE, ACCOUNTING an occasion when something is sold and payment is made immediately: »They may offer a discount for a quick cash sale. »Cash coming into the business will include cash sales, credit… …   Financial and business terms

  • cash sale — see sale Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • cash sale — A sale for money in hand. A sale conditioned on payment concurrent with delivery. Weyerhaeuser Timber Co. v. First Nat. Bank, 150 Or. 172, 43 P.2d 1078, 1081. + cash sale A transaction whereby payment is to be in full on receipt of the goods. A… …   Black's law dictionary

  • cash sale — A sale for money in hand. A sale conditioned on payment concurrent with delivery. Weyerhaeuser Timber Co. v. First Nat. Bank, 150 Or. 172, 43 P.2d 1078, 1081. + cash sale A transaction whereby payment is to be in full on receipt of the goods. A… …   Black's law dictionary

  • cash sale — A sale made for cash, rather than on credit terms. Cash sales should be entered in the cash book rather than the sales day book …   Accounting dictionary

  • cash sale — / kæʃ seɪl/ noun a transaction paid for in cash …   Marketing dictionary in english

  • cash sale — / kæʃ seɪl/ noun a transaction paid for in cash …   Dictionary of banking and finance

  • cash sale/settlement — transaction in which a contract is settled on the same day as the trade date, or the next day if the trade occurs after 2:30 p.m. EST and the parties agree to this procedure. Often occurs because a party is strapped for cash and cannot wait until …   Financial and business terms

  • sale — n 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 1 2 compare barter, donation …   Law dictionary

  • cash — cash1 [kash] n. [MFr casse < OFr < OIt cassa < L capsa: see CASE2] 1. money that a person actually has, including money on deposit; esp., ready money 2. bills and coins; currency 3. money or its equivalent, as a check or money order,… …   English World dictionary

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