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Simple English definitions for legal terms

purchase accounting method

Read a random definition: term of art

A quick definition of purchase accounting method:

Purchase Accounting Method: A way of recording financial transactions when one company buys another company. It helps to determine the value of the assets and liabilities of the company being bought.

Purchase Agreement: A contract that outlines the terms and conditions of a sale. It is used when one person or company is buying something from another person or company.

Purchase Money: The first payment made when buying property that is secured by a mortgage. It is the money that the buyer puts down to start paying for the property.

A more thorough explanation:

The purchase accounting method is a way of accounting for a company's acquisition of another company.

When Company A buys Company B, they use the purchase accounting method to record the transaction. This involves adjusting the assets and liabilities of Company B to their fair market value at the time of the acquisition.

A purchase agreement is a legal contract between a buyer and a seller for the sale of goods or services.

When a person buys a car from a dealership, they sign a purchase agreement that outlines the terms of the sale, such as the price, payment schedule, and any warranties or guarantees.

Purchase money refers to the initial payment made on property that is secured by a mortgage.

When a person buys a house, they typically make a down payment as purchase money. This payment is used to secure the mortgage and is usually a percentage of the total purchase price of the property.

purchase, words of | purchase-money interest

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medicine is a scam
join the ethically ambiguous legal field instead
Dkk
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i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
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Exactly. My version of that awful poem.
Dkk
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I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
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president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
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windyMagician
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it doesn't hurt its just tingly
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19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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