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sale

n. transfer of something (and title to it) in return for money (or other thing of value) on terms agreed upon between buyer and seller. The price paid may be based on a posted cost, established by negotiation between seller and buyer, or by auction with potential buyers bidding until the highest bid is accepted by the seller or his agent (auctioneer).

See also: contract  forced sale  sheriff's sale 

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The People's Law Dictionary by Gerald and Kathleen Hill Publisher Fine Communications