The purchase of a financial instrument or asset in the hopes of it producing income for the purchaser through profit or generating more business in the future.
Definition from Nolo’s Plain-English Law Dictionary
Money spent to acquire an asset for the purpose of making a profit, such as the purchase of stock in a corporation. Also refers to the property or business interest purchased in order to make a profit.
Definition provided by Nolo’s Plain-English Law Dictionary.
August 19, 2010, 5:18 pm