VENDEE Meaning and
Definition
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A "vendee" is a noun that refers to an individual or party who buys or purchases something, typically in a legal or contractual transaction. The term is specifically used in the context of a buyer or purchaser.
In legal and business contexts, the "vendee" is the person or entity that is acquiring a product, service, or property from a seller, also known as the "vendor" or "seller." This term is commonly employed in situations such as real estate transactions, where the buyer is referred to as the "vendee" while the seller is known as the "vendor" or "seller."
The role of the vendee in a transaction is essential, as they are responsible for fulfilling their obligations and paying the agreed-upon price in exchange for the goods, service, or property being acquired. They may also have various rights and protections as outlined by the specific legal and contractual agreements governing the transaction.
The term "vendee" is derived from the French word "vendre," meaning "to sell," and it has been widely adopted in English to denote the purchasing party. Overall, the concept of the vendee is central to understanding the buyer's role and responsibilities in a transaction, particularly in legal and business contexts involving contracts and sales.
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The person to whom a thing is sold.
Etymological and pronouncing dictionary of the English language. By Stormonth, James, Phelp, P. H. Published 1874.
Common Misspellings for VENDEE
Etymology of VENDEE
The word vendee is derived from the French noun vendeur, which means seller or vendor. The term entered English in the mid-19th century, primarily in the context of sales contracts and legal documents related to the purchasing of goods. In French, vendee specifically refers to the buyer or purchaser, while the corresponding term for the seller is vendeur.
Similar spelling words for VENDEE
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