Examples of sale in a Sentence
These examples are programmatically compiled from various online sources to illustrate current usage of the word 'sale.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.
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“Sale.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/sale. Accessed 19 Aug. 2024.
Kids Definition
sale
nounLegal Definition
sale
nouncalled 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.
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.
Note: The purpose of a short sale is to profit from an anticipated drop in the price of a security or commodity. Typically, an investor directs a broker to borrow a quantity of stocks and to sell them at the current price. If the price drops, the investor then repurchases an equal quantity at the lower price, returns the borrowed stocks, and retains the difference in price as profit. If the price rises instead of falling, the investor may choose or be compelled to repurchase the stocks at a higher price and to accept a loss.
Note: Short sales are sometimes used as an alternative to foreclosure.
More from Merriam-Webster on sale
Nglish: Translation of sale for Spanish Speakers
Britannica English: Translation of sale for Arabic Speakers
Britannica.com: Encyclopedia article about sale
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