Bill of sale

Updated: Aug 20, 2021

A document transferring title to goods (other than real property) absolutely or conditionally to another person. possession remaining with the person making the transfer. It is often used to raise money – the borrower retakes the title ivhen he repays the money. Bills of sale must be registered and are subject to the Bills of Sale Acts 1878 and 1882.

Reference: The Penguin Business Dictionary, 3rd edt.

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James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.