Meaning & Definition of word "Purchase"

noun:

• 1. The act of buying something.
  • Example: The purchase of the house was finalized last week.
• 2. Something that has been acquired, especially by buying.
  • Example: That new laptop was her latest purchase.
• 3. A means of obtaining or acquiring, especially through payment.
  • Example: His purchase of the stock turned out to be very profitable.

verb:

• 1. To acquire ownership of something by paying for it.
  • Example: I need to purchase some new clothes for the winter.
• 2. To obtain something, especially by paying money for it.
  • Example: They decided to purchase a new car after their old one broke down.
• 3. To acquire by effort, or to obtain by special effort.
  • Example: He managed to purchase the rare painting at the auction.