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English definition of “private sale”

private sale

noun [C or U]
FINANCE a situation in which shares, bonds, etc. are sold to only a small group of investors, rather than on an open market: a private sale of sth The company raised nearly $6 million through a private sale of stock to investors.
COMMERCE, PROPERTY a situation in which land, a house, etc. is sold directly to the buyer, rather than through an agent (= someone acting for the seller): You don't have to pay estate agents' fees if you opt for a private sale. He decided to sell the house by private sale.
(Definition of private sale noun from the Cambridge Business English Dictionary © Cambridge University Press)

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