Purchaser

One who acquires reni property in any other mode than by descent. One who acquires either real or personal property by buying it for a price in money; a buyer; vendee. In the construction of registry acts, the term "purchaser" is usually taken in its technical legal sense. It means a complete purchaser, or, in other words, one clothed with the legal title. Steele v. Spencer, 1 Pet. 552, 559, 7 L. Ed. 259.

— Bona fide purchaser. See Bona Fide.

— First purchaser. In the law of descent, this term signifies the ancestor who first acquired (in any other manner than by inheritance) the estate which still remains in his family or descendants.

— Innocent purchaser. See INNOCENT.

— Purchaser of a note or hill. The person who buys a promissory note or bili of exchange from the holder without his indorsement. Purchaser without notice is not obliged to discover to bis own hurt. See 4 Bouv. Inst note 4336.