Glossary entry (derived from question below)
English term or phrase:
balance purchase price
English answer:
remaining balance due
Added to glossary by
ErichEko ⟹⭐
Mar 10, 2011 05:37
13 yrs ago
16 viewers *
English term
Indonesia
Legal, Marketing, Biz, Software, Games
Native in: Indonesian (Variant: Standard-Indonesia) 
Works in: English to Indonesian, Indonesian to English
Balance Purchase Price
English
Other
Finance (general)
Purchase Agreement
This term is related to purchase of company or property. It seems to be highly used in Malaysia, but also found in Australian web site, and looks like some kind of "escrow".
What is need: definition of this term. Some illustration will be more than welcome.
One context:
... until the date the Balance Purchase Price is fully received by the Vendor's Solicitors.
What is need: definition of this term. Some illustration will be more than welcome.
One context:
... until the date the Balance Purchase Price is fully received by the Vendor's Solicitors.
Responses
| 4 +4 | remaining balance due |
Ray Flores
|
Responses
+4
1 hr
Selected
remaining balance due
The purchase price is what you pay for a property. Usually you give an initial deposit to hold the property. The remaining balance of the purchase price is paid at a later date. For example:
Sales price of a home $100,000
Initial deposit $10,000
Balance of purchase price $90,000
Purchase price (total) $100,000
Sales price of a home $100,000
Initial deposit $10,000
Balance of purchase price $90,000
Purchase price (total) $100,000
Note from asker:
| Hi Ray thanks. Just a question: is it normal to leave out the "of"? I mean my question is "balance pp"; in your answer, the phrase is "balance OF pp" |
4 KudoZ points awarded for this answer.
Comment: "Hi Ray, thank you. Your example is really helpful."
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