emptio-venditio

noun

emp·tio-ven·di·tio | \ˈem(p)tēˌōˌwenˈditēˌō\

variants: or emptio et venditio \-tēˌō(ˌ)et(ˌ)w- \

Definition of emptio-venditio

: the consensual contract between two parties for the purchase of something by one party and its sale by the other at an agreed price

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