Bill Of Sale

  

True story: a lady who had her stuff stolen later saw her neighbor having a yard sale, which consisted mostly of her stolen stuff. Smart guy.

She called the cops, who came by and said “dude, wtf” to which he said, “idk where it came from--it was sold to me…” to which the cops probably said “where’s your bill of sale, then?”

A bill of sale is a document that shows both sides were down with the transfer of goods (sometimes property) from one party to another party. Without a bill of sale, you can’t prove that the stuff you have that was recently someone else’s actually belongs to you.

Find other enlightening terms in Shmoop Finance Genius Bar(f)