bill of sale

bill of sale
a document under seal, which formally transfers ownership of property specified in the document from the borrower to the lender, until such time as the debt has been paid in full. Glossary of Business Terms

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bill of sale ˌbill of ˈsale written abbreviation B/​S, b/​s noun bills of sale PLURALFORM [countable]
1. LAW COMMERCE an official document giving details of something that someone has bought:

• British ships can only be transferred by means of a bill of sale registered in the shipping register.

2. FINANCE PROPERTY in former times, a document used by money lenders to claim property if a loan was not repaid:

• He held a bill of sale over her furniture and put a man into her house to remove it.

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bill of sale UK US noun [C] (plural bills of sale) (ABBREVIATION BS, ABBREVIATION B/S)
COMMERCE, LAW a document showing that something has been sold by one person and is now owned by another person: »

Anyone who falsifies the status of cattle on a bill of sale may be fined $5,000 for each animal.

Financial and business terms. 2012.

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Look at other dictionaries:

  • bill of sale — bill of sale: a formal instrument for the conveyance or transfer of title to goods and chattels Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. bill of sale n. A written agreement that tran …   Law dictionary

  • Bill of sale — Bill Bill, n. [OE. bill, bille, fr. LL. billa (or OF. bille), for L. bulla anything rounded, LL., seal, stamp, letter, edict, roll; cf. F. bille a ball, prob. fr. Ger.; cf. MHG. bickel, D. bikkel, dice. Cf. {Bull} papal edict, {Billet} a paper.]… …   The Collaborative International Dictionary of English

  • Bill of sale — Sale Sale, n. [Icel. sala, sal, akin to E. sell. See {Sell}, v. t.] 1. The act of selling; the transfer of property, or a contract to transfer the ownership of property, from one person to another for a valuable consideration, or for a price in… …   The Collaborative International Dictionary of English

  • bill of sale — (plural ,bills of sale) noun count a written statement describing the sale of something to someone …   Usage of the words and phrases in modern English

  • bill of sale — plural bills of sale n technical a written document showing that someone has bought something …   Dictionary of contemporary English

  • bill of sale — n. a written statement certifying that the ownership of something has been transferred by sale …   English World dictionary

  • Bill of sale — (engl., spr. ßēl), schriftlicher Kaufvertrag, Vertrag über die Verpfändung von Mobilien, die im Gewahrsam des Schuldners belassen werden …   Meyers Großes Konversations-Lexikon

  • bill of sale — An agreement in writing signifying that one person for a specific sum of money has acquired specific assets. (Dictionary of Canadian Bankruptcy Terms) United Glossary of Bankruptcy Terms 2012 …   Glossary of Bankruptcy

  • bill of sale — bill′ of sale′ n. bus a document transferring title in personal property from seller to buyer • Etymology: 1600–10 …   From formal English to slang

  • 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… …   Wikipedia

  • bill of sale — noun a deed transferring personal property • Topics: ↑law, ↑jurisprudence • Hypernyms: ↑deed, ↑deed of conveyance, ↑title * * * : a formal instrument for the conveyance or transfer of title to goods and chattels * * * a document transferring… …   Useful english dictionary

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