Bargain and sale

(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.