Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

  

English definition of “sale and purchase agreement”

sale and purchase agreement

noun [C]     (abbreviation SPA) LAW
a legal agreement that a buyer will buy a product or service and a seller will sell it: They sued the contractor to recover the $50,000 they put down when they signed a sale and purchase agreement on their home .
(Definition of sale and purchase agreement noun from the Cambridge Business English Dictionary © Cambridge University Press)
Focus on the pronunciation of sale and purchase agreement

Word of the Day

cookery

the skill or activity of preparing and cooking food

Word of the Day

Blog

Read our blog about how the English language behaves.

Learn More

New Words

Find words and meanings that have just started to be used in English, and let us know what you think of them.

Learn More