Purchase Order

Definitions

1. A formal document issued by a buyer authorizing the purchase of goods or services under specified terms. In enterprise startups, getting the purchase order often means the deal has moved from verbal yes to operational reality.

   In plain English: A formal buying document authorizing a purchase.

   Example: "The contract was signed, but finance still waited on the purchase order before counting the deal."

Related Terms

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• Fixed Cost
• Forecasting
• Franchise Model
• Maturity Stage
• Metrics Dashboard
• Request for Proposal
• Value Engineering