purchase order
10 years ago No Comments

(pronounced PER-chehs OR-der)

More commonly shorted to the term “P.O.”, a purchase order is a document that constitutes a legal offer to buy products or services. The P.O. should detail out types, quantities, and agreed prices for products or services the seller will provide to the buyer. If a seller accepts the purchase order from the buyer, then it creates a contract between the seller and buyer.