Meaning & Definition of word "Buyer"
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Buyer
/ˈbaɪər/
noun:
- 1. A person or entity that acquires goods or services in exchange for money.
- Example: The buyer offered a higher price for the vintage car.
- 2. A person who purchases real estate.
- Example: The buyer inspected the property before making an offer.
- 3. A company or organization that purchases products for resale or use.
- Example: The retail buyer attended the trade show to source new products for the store.
- 4. Someone who purchases a financial instrument or asset.
- Example: The buyer of the stock was optimistic about its future performance.
- 5. A consumer in a market context.
- Example: In today's competitive market, every buyer has a multitude of options.
Etymology
Middle English 'biere', from Old English 'bycgan' meaning 'to buy'.
Common Phrases and Expressions
buyer's market:
A situation in which supply exceeds demand, giving buyers an advantage.
buyer beware:
A warning to buyers to be cautious of the quality of the products they purchase.
qualified buyer:
A buyer who has been pre-approved for financing and can secure a purchase.
buyer's remorse:
Regret after a purchase, usually because of the cost or perceived value.
Related Words
purchase:
The act of buying something.
salesperson:
A person who sells goods or services.
transaction:
An instance of buying or selling something.
Slang Meanings of buyer
Meaning: Buyer fatigue
Example Sentence: After looking at so many options, I’m experiencing buyer fatigue.
Meaning: Impulse buyer
Example Sentence: She's such an impulse buyer; she often regrets her spontaneous purchases.