Bill Of Sale

Definition of "Bill of sale"

Sherry Williams
Sherry Williams Bay City Realty

Formal document for the transfer of title to personal property and chattels. It states that the property has been paid for and that no outstanding liens exist on it. This is the buyers receipt that gives him or her the right to sell the property at a later date. There may be a need to register the bill of sale at a county office.

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