Definition, Meaning & Synonyms
outright purchase
noun
/aʊtˌraɪt ˈpɜːr.tʃəs/
Definition
A purchase in which the buyer pays the full price for an item or property at once, without any financing or installment payment plan.
Examples
- My parents made an outright purchase of their new house.
- After saving for several years, she finally made an outright purchase of her dream car.
- The business decided to go for an outright purchase of the new equipment instead of leasing it.
Meaning
An outright purchase means you own the item or property immediately after the transaction, without any debt or ongoing payments.
Synonyms
- cash purchase
- full payment
- immediate acquisition
