(UK, historical) The practice, abolished in 1871, of paying money to be made an officer in the cavalry and infantry regiments of the English and later British Army, without having to wait for promotion.

(UK, pensions) Describing a pension scheme in which an employer agrees to provide a pension payment or lump sum on retirement that is based on the combination of the employer's and employee's contributions to the scheme over the employee's working life.

plural of nominee purchase

Synonym of straw purchase

(accounting, business) A specialized accounting journal and also a prime entry book used in an accounting system to keep track of the orders of items placed using accounts payable.

plural of purchase journal

plural of compulsory purchase order

(law, UK, Ireland) An order made, usually for the purchase of land required for a construction project.

A person or group whose job is to buy equipment, supplies, inventory, or other assets for a business or other organization.

(economics) The amount of goods and services that can be bought with a unit of currency. / (economics) The amount of goods and services that can be bought by consumers; available income; spending power.