: a sale of property on terms determined by conference of the seller and buyer compare auction
Example Sentences
Recent Examples on the WebSecurity equipment like full-body scanners and automatic passport gates will be available through private treaty sales after a security check of the buyers. Palko Karasz, New York Times, 20 Apr. 2018 Brownfield's areas of expertise include farmland, private treaty brokerage, auctions and buyer or seller representation. Michelle Mullins, Naperville Sun, 23 Mar. 2018
Word History
First Known Use
1858, in the meaning defined above
Legal Definition
private treaty
noun
: 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