emption


Also found in: Legal.
Related to emption: in its own right

emption

(ˈɛmpʃən)
n
(Law) the process of buying something

emption

1. Rare. the act of purchasing.
2. Obsolete, the thing purchased. — emptional, adj.
See also: Trade
References in periodicals archive ?
But if excessive prudence has its dangers, so, too, does aggressive pre- emption.
Laurie Trieger, executive director of the Lane Coalition for Healthy Active Youth, said the bill's pre- emption of local requirements to post menu information on menus would not deter her group from continuing to press for such a policy from the Lane County Board of Commissioners.
The MMC report suggested that the original Bass shares should be rebundled and passed on to the new buyer, but having been disposed of under pre- emption rights, there are doubts whether legally this is possible.