Sale - Law Dictionary Search Results
gross profit
gross profit Net sales minus the cost of goods sold
floor planning
floor planning : a method of financing a retail sales business in which the retailer gives a security interest in all of the inventory to the lender or
fixed costs
fixed costs Business costs that do not vary with sales volume
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do
legal and parliamentary language [ hereby bequeath] do business : to be engaged in business activities (as soliciting sales) ;specif : to engage in activities sufficient to subject a foreign company to the personal jurisdiction of a
counter offer
a rejection to all or part of a purchase offer that negotiates different terms to reach an acceptable sales contract. Source: U.S. Department of Housing and Urban Development
churn
churn : to make (the account of a client) excessively active by frequent purchases and sales primarily in order to generate commissions NOTE: Churning is a violation of federal securities laws.
cash basis accounting
cash basis accounting An accounting method that records sales and expenses when the transfer of cash occurs
buy down
lender provides a lower rate and lower payments many times for an ARM. The seller may increase the sales price to cover the cost of the buy down. Source: U.S. Department of Housing and Urban Development
boiler room
boiler room : a room equipped with telephones used for making high-pressure usually fraudulent sales pitches
agent
organization that finds buyers or tenants for real estate owners usually for a commission d : an independent sales or service representative of an insurance company compare broker 4 a : a representative, emissary, or official of
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