Bargain and sale
Also found in: Legal, Financial, Encyclopedia.
|(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