The financial encyclopedia uses cookies to improve your user experience. Find out more here!




Bill of sale


A document transferring title to goods (other than real property) absolutely or conditionally to another person. possession remaining with the person making the transfer. It is often used to raise money - the borrower retakes the title ivhen he repays the money. Bills of sale must be registered and are subject to the Bills of Sale Acts 1878 and 1882.

Reference: The Penguin Business Dictionary, 3rd edt.