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Simple English definitions for legal terms

purchase accounting method

Read a random definition: bank holding company

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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[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
WorthlessAttractiveZombie
7:46
Also has anyone's date disappeared for W&L? Mine did last night
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