- revenue recognition from the delivery of merchandise or from rendering a service in exchange for consideration. Consideration may be in the form of cash, cash equivalent, or other property. Revenue can be recognized at the time of sale because an exchange has taken place, selling price is determinable, and expenses are known.
- in retailing, temporary reduction of prices to move inventory and raise cash.
In general: any exchange of goods or services for money. See also barter.
Finance: income received in exchange for goods and services recorded for a given accounting period, either on a cash basis (as received) or on an accrual basis (as earned).
Law: see sale or exchange.
Marketing: price reduction for certain merchandise.
Securities: in trading, transaction when a buyer and a seller have agreed on a price for the security.
In general: any exchange of goods or services for money. Contrast with barter.
Finance: income received in exchange for goods and services recorded for a given accounting period, either on a cash basis (as received) or on an accrual basis (as earned). See also gross sales.
Securities: in securities trading, a sale is executed when a buyer and a seller have agreed on a price for the security.
