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English definition of “purchase price”

purchase price

noun [C]
 
 
COMMERCE, FINANCE
the amount of money that is paid for something: Many thought the €14 million purchase price was much too high. The bank asks land buyers to put down 50% of the purchase price, and pay the remainder over two years.purchase price for/of sth He refused to reveal the purchase price for the factory and equipment. Add 10% to the purchase price of a property to cover fees.
(Definition of purchase price from the Cambridge Business English Dictionary © Cambridge University Press)
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