- purchase
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1. [uncountable] the act of buying something:• Keep the receipt as your proof of purchase.
• the date of purchase
• House purchase is the biggest decision that most people make.
• the purchase of shares in Manpower Incorporated
2. make a purchase to buy something:• According to our records she made a number of purchases from our Oxford Street store.
3. [countable] something that has been bought:• If you are not satisfied with your purchase, we will give you a full refund.
to buy something, especially something big or expensive:• a loan to purchase a new car
• The property was purchased for investment purposes.
• A public company cannot purchase its own shares out of capital.
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Ⅰ.purchase UK US /ˈpɜːtʃəs/ noun FORMAL COMMERCE► [C] something that you buy: »How do you wish to pay for your purchases?
a big/major purchase »A car is a major purchase.
► [C or U] the act of buying something: »No purchase is necessary for you to enter this competition.
»If you wish to make a purchase, we will require your credit card details.
»Tax on the purchase of medical equipment can be reclaimed.
»This product may be frozen. If required, freeze on day of purchase.
»Similar products are available for purchase in the gift shop.
»house/ticket/share purchase
→ See also ADVANCE PURCHASE FARE(Cf. ↑advance purchase fare), BOND PURCHASE AGREEMENT(Cf. ↑bond purchase agreement), COMPULSORY PURCHASE(Cf. ↑compulsory purchase), COMPULSORY PURCHASE ORDER(Cf. ↑compulsory purchase order), COUNTERPURCHASE(Cf. ↑counterpurchase), HIRE PURCHASE(Cf. ↑hire purchase), IMPULSE PURCHASE(Cf. ↑impulse purchase), MONEY-PURCHASE(Cf. ↑money-purchase), POINT OF PURCHASE(Cf. ↑point of purchase), PROOF OF PURCHASE(Cf. ↑proof of purchase)Ⅱ.purchase UK US /ˈpɜːtʃəs/ verb [T] COMMERCE► FORMAL to buy something: »Tickets must be purchased two weeks in advance.
purchase sth for $100/£2000, etc. »The company was purchased for £3.5 billion.
purchase sth at sth »Class A shares may be purchased at the offering price.
purchase sth from sth »The batteries can be purchased from any electrical store.
→ See also OFFER TO PURCHASE(Cf. ↑offer to purchase), OPTION TO PURCHASE(Cf. ↑option to purchase), REPURCHASE(Cf. ↑repurchase) verb
Financial and business terms. 2012.