Purchase Date definition: Copy, customize, and use instantly
Introduction
The term "Purchase Date" refers to the specific date on which a purchase transaction is completed, agreed upon, or finalized. It is essential for tracking the point at which ownership or financial responsibility is transferred. The Purchase Date often serves as a reference for calculating timelines, determining payment obligations, or triggering other contract clauses.
Below are various examples of how "Purchase Date" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Purchase Date" as the date of acquisition
This definition ties "Purchase Date" to the specific date an acquisition occurs.
"Purchase Date" refers to the date on which the purchase of goods, services, or assets is completed and legally recognized by the parties involved.
Definition of "Purchase Date" as the date of agreement signing
This definition connects "Purchase Date" to the date when the purchase agreement is signed.
"Purchase Date" means the date on which both the buyer and seller sign the purchase agreement, confirming their mutual consent to the transaction.
Definition of "Purchase Date" as the date of transaction execution
This definition links "Purchase Date" to the date the transaction is executed.
"Purchase Date" refers to the date when a transaction is officially executed and the buyer takes ownership of the purchased item.
Definition of "Purchase Date" as the date of payment completion
This definition applies "Purchase Date" to the date when payment is completed.
"Purchase Date" means the date on which the payment for the purchased asset is fully processed, marking the completion of the purchase.
Definition of "Purchase Date" as the date of contract finalization
This definition ties "Purchase Date" to the date a contract is finalized.
"Purchase Date" refers to the date when the contract governing the purchase is finalized and executed, triggering the rights and obligations outlined in the agreement.
Definition of "Purchase Date" as the date of shipment or delivery
This definition links "Purchase Date" to the date when goods are shipped or delivered.
"Purchase Date" means the date on which the goods or products are shipped or delivered to the purchaser as per the agreement.
Definition of "Purchase Date" as the date when purchase is recorded
This definition connects "Purchase Date" to the date of official recording.
"Purchase Date" refers to the date on which the purchase is officially recorded in the financial statements or system of the purchasing entity.
Definition of "Purchase Date" as the date of invoice generation
This definition ties "Purchase Date" to the invoice generation.
"Purchase Date" means the date when the invoice for the purchase is generated and issued by the seller to the buyer.
Definition of "Purchase Date" as the date of buyer’s authorization
This definition connects "Purchase Date" to the date when the buyer authorizes the purchase.
"Purchase Date" refers to the date when the buyer formally authorizes the purchase by providing consent or approval to proceed with the transaction.
Definition of "Purchase Date" as the date the sale price is fixed
This definition links "Purchase Date" to when the sale price is fixed.
"Purchase Date" refers to the date on which the sale price is agreed upon and finalized by both parties involved in the purchase.
Definition of "Purchase Date" as the date of fulfillment
This definition applies "Purchase Date" to the date when fulfillment occurs.
"Purchase Date" means the date on which the product or service is fulfilled and made available to the purchaser as per the agreement.
Definition of "Purchase Date" as the date the buyer takes possession
This definition connects "Purchase Date" to the date when the buyer takes possession of the item.
"Purchase Date" refers to the date when the buyer physically takes possession or control of the purchased asset or property.
Definition of "Purchase Date" as the date the purchase order is submitted
This definition ties "Purchase Date" to the submission of the purchase order.
"Purchase Date" refers to the date on which the buyer submits the purchase order to the seller to initiate the transaction.
Definition of "Purchase Date" as the date the purchase price is paid
This definition links "Purchase Date" to the payment of the purchase price.
"Purchase Date" means the date on which the buyer completes the payment of the agreed purchase price for the goods or services.
Definition of "Purchase Date" as the date of agreement execution
This definition applies "Purchase Date" to the execution of an agreement.
"Purchase Date" refers to the date on which both parties execute the agreement, formalizing the terms and conditions of the purchase.
Definition of "Purchase Date" as the date of transaction initiation
This definition connects "Purchase Date" to the initiation of a transaction.
"Purchase Date" means the date when the transaction is first initiated by the buyer, either through formal submission or agreement.
Definition of "Purchase Date" as the date the seller confirms the purchase
This definition ties "Purchase Date" to the date when the seller confirms the purchase.
"Purchase Date" refers to the date on which the seller confirms the acceptance of the purchase offer from the buyer.
Definition of "Purchase Date" as the date the buyer’s payment is processed
This definition connects "Purchase Date" to the processing of the buyer’s payment.
"Purchase Date" means the date on which the buyer's payment for the purchase is successfully processed and cleared.
Definition of "Purchase Date" as the date of transfer of ownership
This definition links "Purchase Date" to the date ownership is transferred.
"Purchase Date" refers to the date on which ownership of the purchased property or asset is legally transferred from the seller to the buyer.
Definition of "Purchase Date" as the date of agreement consummation
This definition ties "Purchase Date" to the consummation of the agreement.
"Purchase Date" means the date on which the purchase agreement is consummated, resulting in the finalization of the transaction.
Definition of "Purchase Date" as the date of fulfillment of terms
This definition connects "Purchase Date" to the fulfillment of agreed terms.
"Purchase Date" refers to the date on which the terms of the purchase agreement are fully satisfied, and the transaction is officially concluded.
Definition of "Purchase Date" as the date of product or service receipt
This definition links "Purchase Date" to when the product or service is received.
"Purchase Date" means the date on which the buyer receives the purchased goods or services from the seller.
Definition of "Purchase Date" as the date a financial instrument is purchased
This definition applies "Purchase Date" to the purchase of a financial instrument.
"Purchase Date" refers to the date on which a financial instrument, such as stocks or bonds, is purchased by the investor.
Definition of "Purchase Date" as the date the transaction is finalized
This definition connects "Purchase Date" to the finalization of a transaction.
"Purchase Date" means the date when the purchase transaction is fully finalized and both parties have completed their respective duties under the agreement.
Definition of "Purchase Date" as the date the seller's dispatch
This definition links "Purchase Date" to the seller's dispatch of goods.
"Purchase Date" refers to the date on which the seller dispatches or ships the purchased goods to the buyer.
Definition of "Purchase Date" as the date of confirmation receipt
This definition ties "Purchase Date" to the receipt of confirmation.
"Purchase Date" means the date on which the buyer receives confirmation of the completed purchase from the seller.
Definition of "Purchase Date" as the date the purchase is recognized in the system
This definition connects "Purchase Date" to the recognition of the purchase in the system.
"Purchase Date" refers to the date on which the purchase is officially recorded and recognized in the system of the purchasing entity.
Definition of "Purchase Date" as the date the contract is executed
This definition applies "Purchase Date" to the date the contract is executed.
"Purchase Date" refers to the date on which the purchase contract is executed and all formalities are completed.
Definition of "Purchase Date" as the date of successful transaction completion
This definition links "Purchase Date" to the completion of the transaction.
"Purchase Date" means the date on which the transaction is successfully completed and both parties fulfill their obligations under the purchase agreement.
Definition of "Purchase Date" as the date the financial commitment is made
This definition connects "Purchase Date" to the financial commitment made by the buyer.
"Purchase Date" refers to the date when the buyer commits financially to the purchase, marking the start of the transaction.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.