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PURCHASE

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Originally appearing in Volume V22, Page 659 of the 1911 Encyclopedia Britannica.

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PURCHASE , in its See also:

COMMON

common sense, that which is acquired by the See also:

PAYMENT (Fr. paiement, from payer, to pay; Lat. pacare, to appease, pax, peace)

payment of See also:

MONEY

money or its See also:

EQUIVALENT

equivalent. The originalmeaning of the word (O. Fr. pourchacier, pourchasser, &c., popular, See also:

LAT

Lat. See also:

PRO

pro-captiare) was to pursue eagerly, hence to acquire. Thus " purchase " was See also:

early used by the lawyers (e.g. See also:

Britton, in 1292) for the acquirement of See also:

PROPERTY

property by other means than See also:

INHERITANCE

inheritance or See also:

mere See also:

ACT (Lat. actus, actum)

act of See also:

law, including acquirement by See also:

ESCHEAT (O. Fr. esthete, from escheoir, to fall to one's share; Lat. excidere, to fall out)

escheat, See also:

PRESCRIPTION

prescription, occupancy, See also:

ALIENATION (from Lat. alienus, belonging to another)

alienation and See also:

FORFEITURE (from " forfeit," originally an offence, and hence a fine exacted as a penalty for such; derived through the O. Fr. forfeit, from the late Lat. foris factum, a trespass, that which is done foris, outside)

forfeiture; more generally, purchase in law means acquisition of See also:

LAND

land by bargain or See also:

sale, according to the law of " vendor and purchaser " (see See also:

CONVEYANCING

CONVEYANCING). A later development of meaning is found in the use of the word for a See also:

MECHANICAL

mechanical contrivance by which See also:

POWER [WILLIAM GRATTAN] TYRONE (1797-1841)

power can be excited or applied, a hold or fulcrum. This first appears (16th See also:

CENTURY (from Lat. centuria, a division of a hundred men)

century) in the nautical use of the verb, to haul up a rope or See also:

cable by some mechanical See also:

DEVICE

device, the See also:

root See also:

IDEA (Gr. Ibia, connected with i&eiv, to see; cf. Lat. species from specere, to look at)

idea being apparently to " gain " See also:

ADVANTAGE

advantage over the rope See also:

BIT (from the verb " to bite," either in the sense of a piece bitten off, or an act of biting, or a thing that bites or is bitten)

bit by bit.

End of Article: PURCHASE

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