private treaty

noun

Definition of private treaty

: a sale of property on terms determined by conference of the seller and buyer — compare auction

Recent Examples of private treaty from the Web

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First Known Use of private treaty

1858

in the meaning defined above

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Law Dictionary

private treaty

noun

legal Definition of private treaty

: a sale of property on terms determined between the buyer and the seller
  • got better prices by private treaty than his neighbors did at auction

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