Bill of Sale

Definition

• Written proof in the form of a receipt or document that serves as confirmation for the transfer of title to personal property.

Synonyms
bill, statement, receipt, invoice, contract, check

Acronyms
BS

Related Terms and Acronyms

• Agreement of Sale (AOS) — Acronym,
  • A document in which a property's buyer and seller approve the price and other terms of the transfer of title.
• As is Where is — Definition,
  • The buyer must examine the goods or property and buy at his or her own risk.
• Bill of Sale Deed (BSD) — Acronym,
• Burden of Proof (BOP) — Acronym,
  • The legal requirement to provide enough evidence to win a lawsuit. In civil cases, such as tax court, the burden is decided by the preponderance -- the most -- evidence. Except in cases of tax fraud, the burden of proof in a tax case generally is on the taxpayer.
• Certificate of Occupancy (CO) — Acronym, Important,
  • Authorization by a local government giving permission for someone to live in or use a building that has just been constructed or renovated.
  ➥ Zoning bylaw.
• Certificate of Sale — Definition,
  • An affidavit issued at a judicial or tax sale that entitles the buyer to the deed to the property purchased after court confirmation.
• Certificate of Title — Definition,
  • A written document stating that the title to a piece of property is legally vested in the present owner.
• Contract — Definition,
  • An agreement between two or more parties that can be enforced by law.
• Contract For Deed (CFD) — Acronym,
  • An agreement for sale of property in which the buyer takes possession while making payments, but the seller holds title until full payment is made. Also called a land contract.
• Housing Discrimination — Definition,
  • The illegal practice of discriminating against buyers or renters of dwellings on the basis of race, colour, religion, national origin, sex, family status or disability.
• Legal Description (lgdc) — Abbreviation,
  • A way of identifying a piece of property in writing that is acceptable to a court.
• Legal Mortgage — Definition, Important,
  • The written geographical description of a property as described in the land register.
• Lis Pendens — Definition,
  • A legal document giving notice that an action or proceeding is pending in the courts which affects the title to the designated property.
• Title — Definition,
  • Evidence of a person's right to possession ownership of a property.