Purchase money
Purchase Pur"chase (?; 48), n. [OE. purchds, F. pourchas eager pursuit. See {Purchase}, v. t.] 1. The act of seeking, getting, or obtaining anything. [Obs.] [1913 Webster]

I'll . . . get meat to have thee, Or lose my life in the purchase. --Beau. & Fl. [1913 Webster]

2. The act of seeking and acquiring property. [1913 Webster]

3. The acquisition of title to, or properly in, anything for a price; buying for money or its equivalent. [1913 Webster]

It is foolish to lay out money in the purchase of repentance. --Franklin. [1913 Webster]

4. That which is obtained, got, or acquired, in any manner, honestly or dishonestly; property; possession; acquisition. --Chaucer. B. Jonson. [1913 Webster]

We met with little purchase upon this coast, except two small vessels of Golconda. --De Foe. [1913 Webster]

A beauty-waning and distressed widow . . . Made prize and purchase of his lustful eye. --Shak. [1913 Webster]

5. That which is obtained for a price in money or its equivalent. ``The scrip was complete evidence of his right in the purchase.'' --Wheaton. [1913 Webster]

6. Any mechanical hold, or advantage, applied to the raising or removing of heavy bodies, as by a lever, a tackle, capstan, and the like; also, the apparatus, tackle, or device by which the advantage is gained. [1913 Webster]

A politician, to do great things, looks for a power -- what our workmen call a purchase. --Burke. [1913 Webster]

7. (Law) Acquisition of lands or tenements by other means than descent or inheritance, namely, by one's own act or agreement. --Blackstone. [1913 Webster]

{Purchase criminal}, robbery. [Obs.] --Spenser.

{Purchase money}, the money paid, or contracted to be paid, for anything bought. --Berkeley.

{Worth [so many] years' purchase}, or {At [so many] years' purchase}, a phrase by which the value or cost of a thing is expressed in the length of time required for the income to amount to the purchasing price; as, he bought the estate at a twenty years' purchase. To say one's life is

{not worth a day's purchase} in the same as saying one will not live a day, or is in imminent peril. [1913 Webster]

The Collaborative International Dictionary of English. 2000.

Look at other dictionaries:

  • purchase money — index price Burton s Legal Thesaurus. William C. Burton. 2006 …   Law dictionary

  • purchase money — noun : the consideration paid or to be paid by the purchaser of property * * * purchase money noun The money paid, or to be paid, for anything • • • Main Entry: ↑purchase …   Useful english dictionary

  • purchase money — Money paid by the purchaser upon a purchase or in satisfaction of a debt to the seller or vendor created by the purchase. Austin v Underwood, 37 Ill 438 …   Ballentine's law dictionary

  • purchase-money — money used for buying, money used for making purchases …   English contemporary dictionary

  • purchase-money — …   Useful english dictionary

  • purchase money mortgage — see mortgage Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. purchase money mortgage …   Law dictionary

  • purchase-money security interest — (PMSI) USA A special type of security interest provided for under the Uniform Commercial Code to enable purchases of property (UCC § 9 324). A lender that advances money used by a buyer to make a purchase or a seller that e …   Law dictionary

  • purchase money security interest — see interest 1 Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. purchase money security interest …   Law dictionary

  • Purchase Money Security Interest — (Purchase Money Security Interest or PMSI pronounced pimzee ) A security that a person takes in property, such as inventory for example, that secures payment with regard to those assets of all or part of its purchase price. (Dictionary of… …   Glossary of Bankruptcy

  • purchase-money obligation — USA The obligation secured by a purchase money security interest under the Uniform Commercial Code (UCC § 9 103(a)(2)). Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010 …   Law dictionary

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