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LSDefine
Simple English definitions for legal terms
invoice
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A quick definition of invoice:
Invoice: A list of things someone sold to another person, with the prices and how they will be paid for. It's like a bill that shows what was bought and how much it costs.
A more thorough explanation:
An invoice is a document that lists the goods or services provided by a seller to a buyer. It includes the price and terms of the sale, and serves as a bill of costs.
- When you buy a new laptop from a store, they will give you an invoice that shows the price of the laptop, any taxes or fees, and the payment terms.
- If you hire a plumber to fix a leaky faucet, they will send you an invoice that shows the cost of the service, any parts used, and the payment due date.
These examples illustrate how an invoice is used to document a transaction between a buyer and a seller. It provides a clear record of what was purchased, how much it cost, and when payment is due.