Definition: Acquisition means the transfer of goods, services, or assets from one place to another through a process of buying or borrowing them. It can refer to purchasing goods, services, or assets outright or leasing them as long as the price remains within accepted limits. The word is often used in financial contexts to describe the process by which an investor acquires funds for investment purposes. For instance, imagine you have $10,000 that you want to invest and need to buy a house. You could borrow it from your bank at a rate of 5% per year with monthly payments of $800 each month, which would cost you $400 per month in interest. However, you can also make an upfront payment of $10,000 to purchase the house outright. The word 'acquisition' is often used synonymously with terms such as "purchase," "buy," or "purchase a property." It refers to the act of acquiring goods, services, or assets from one place to another through the process of buying.

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