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单词 private treaty
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private treaty
private treaty n. a form of property sale effected by a private agreement between the seller and a bidder, rather than by auction, public tender, etc.; see also quot. 1973.
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society > trade and finance > selling > a public sale > [noun] > other types of sale
rummage sale1756
handsale1766
trade sale1774
sheriff's sale1798
private treaty1858
asset sale1921
pre-sale1938
garage sale1966
tag sale1966
yard sale1976
car boot1995
1858 Estates Gaz. 16 Aug. 16/1 (advt.) To be sold, by private treaty, a substantial and well-built house.
1922 V. Sackville-West Heir i. 19 Are we to try for auction or private treaty? Personally I think the house at any rate will go by private treaty.
1973 P. Westland & A. Rodway Place of your Own i. 11/2 In Scotland..houses are more often sold ‘by private treaty’. This way, the owner places a reserve, or ‘upset’ price on the property and invites those interested to make offers, in writing, by a specified date. On that date, the offers are examined, and the property will usually go to the highest bidder. An offer made this way is binding by law, unless you withdraw it before it is formally accepted... Some properties in England and Wales are offered for sale on these terms.
1988 Home Finder May 51/1 Ask the auctioneer if offers will be considered prior to auction, in other words, whether you can purchase by private treaty.
extracted from privateadj.1adv.n.
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