Word: Bill of Sale
Definition: A "bill of sale" is a written document that shows that one person has sold something (usually personal property) to another person. It serves as proof of the sale and includes important details about the item being sold and the terms of the sale.
Usage Instructions: - Use "bill of sale" when discussing the sale or transfer of ownership of items like cars, furniture, or electronics. - It is important to keep a copy of the bill of sale for your records, as it can protect you in case of disputes about ownership or the condition of the item.
Example: - "When I bought my used car, the seller gave me a bill of sale that stated the price and the details of the vehicle."
Advanced Usage: - In legal contexts, a bill of sale may include specific terms and conditions regarding warranties or the condition of the item sold. - Businesses often use a bill of sale for inventory items, machinery, or equipment transfers.
Word Variants: - There are no direct variants of "bill of sale," but related terms include "sales contract" or "purchase agreement," which may serve similar purposes in more formal transactions.
Different Meanings: - While "bill of sale" specifically refers to the transfer of personal property, in a broader context, "bill" can also refer to a statement of money owed (like a restaurant bill) or a proposed law (like a legislative bill).
Synonyms: - Sales receipt - Sales agreement - Transfer document
Idioms and Phrasal Verbs: - There aren't specific idioms or phrasal verbs directly related to "bill of sale," but you might hear phrases like "seal the deal," which means to finalize an agreement.
Summary: A "bill of sale" is an important document that helps buyers and sellers keep clear records of personal property transactions.