Definition of purchase price
: the amount of money someone pays for something (such as a house)
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Word by Word Definitions
purchase
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: gain, acquire
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: to acquire (real estate) by means other than descent
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: to obtain by paying money or its equivalent : buy
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: an act or instance of purchasing
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: something obtained especially for a price in money or its equivalent
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: a mechanical hold or advantage applied to the raising or moving of heavy bodies
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price
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: value, worth
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: the quantity of one thing that is exchanged or demanded in barter or sale for another
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: the amount of money given or set as consideration for the sale of a specified thing
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: to set a price on
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: to find out the price of
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: to drive by raising prices excessively
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