BILLOFSALE

Bill of sale

A bill of sale is a legal document made by a 'seller' to a purchaser, reporting that on a specific date, at a specific locality, and for a particular sum of money or other "value received", the seller sold to the purchaser a specific item of personal, or parcel of real, property of which he had lawful possession. It is a written instrument which evidences the transfer of title to personal property from the vendor, seller, to the vendee, buyer.

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bill of sale

Noun

  1. A formal instrument for the conveyance or transfer of goods and chattels.


The above text is a snippet from Wiktionary: bill of sale
and as such is available under the Creative Commons Attribution/Share-Alike License.

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