private treaty

noun

: a sale of property on terms determined by conference of the seller and buyer compare auction

Examples of private treaty in a Sentence

Recent Examples on the Web
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
Security equipment like full-body scanners and automatic passport gates will be available through private treaty sales after a security check of the buyers. Palko Karasz, New York Times, 20 Apr. 2018 Brownfield's areas of expertise include farmland, private treaty brokerage, auctions and buyer or seller representation. Michelle Mullins, Naperville Sun, 23 Mar. 2018

Word History

First Known Use

1858, in the meaning defined above

Time Traveler
The first known use of private treaty was in 1858

Dictionary Entries Near private treaty

Cite this Entry

“Private treaty.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/private%20treaty. Accessed 15 Dec. 2024.

Legal Definition

private treaty

noun
: a sale of property on terms determined between the buyer and the seller
got better prices by private treaty than his neighbors did at auction
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