Bargain and sale
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(Law) | a species of conveyance, by which the bargainor contracts to convey the lands to the bargainee, and becomes by such contract a trustee for and seized to the use of the bargainee. The statute then completes the purchase; i. e., the bargain vests the use, and the statute vests the possession. |
See also: Bargain
Webster's Revised Unabridged Dictionary, published 1913 by G. & C. Merriam Co.