purchase ability vs purchase authority

Both 'purchase ability' and 'purchase authority' are correct, but they have different meanings and contexts. 'Purchase ability' refers to the capability or capacity to buy something, while 'purchase authority' refers to the permission or power to make purchases. They are not interchangeable as they convey different concepts.

Last updated: March 30, 2024 • 685 views

This phrase is correct and commonly used in English.

"purchase ability"

This phrase refers to the capability or capacity to buy something. It is used to describe a person's financial means or resources to make a purchase.

Examples:

His purchase ability was limited due to his low income.
The company assessed the customer's purchase ability before offering financing options.

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It also includes the ability to purchase other energy services in the home at a reasonable cost.
Amendment 33, which would have given the fund the ability to purchase bonds on the secondary markets, was withdrawn.
The ability to purchase pistol and shot and take one's place at the theatre?
The world's population is increasing, the amount of land available for cultivation is limited, the standard of living - and with it the ability to purchase and consume food - is rising in many parts of the world.
If a credit institution intends to deliver an obligation other than the underlying exposure, it shall ensure that the deliverable obligation is sufficiently liquid so that the credit institution would have the ability to purchase it for delivery in accordance with the contract;
At the same time, it would 'cancel' the effectiveness of this Directive if public authorities, who are massive buyers/users and have the ability to influence certain markets, were not to have a minimum common obligatory threshold for their purchases.
Ability to decide about purchases for children's needs (including giving them pocket money)
The market share of the buyer on the upstream purchase market is obviously important for assessing the ability of the buyer to impose exclusive supply which forecloses other buyers from access to supplies.
5 out of the 6 qualified offers for all assets did not clarify their financing at the moment of the submission of the indicative offer, and they were therefore asked to present their ability to finance the purchase of the assets.
Concerning transaction security as the first element of the first aspect, the Commission stresses for reasons of clarity that this refers to the ability of the buyer to pay the purchase price and - in this context - nothing more [41].
The feeder UCITS shall ensure that its investment into a master UCITS does not affect its ability to re-purchase or redeem its units at the request of the unit-holders or in other cases when this is in the interest of its unit-holders.
If you cut the ability of the working class to purchase goods and services, then you cut demand for those goods and services, which means you cut millions more jobs of workers who would provide them.

Alternatives:

buying power
ability to purchase
capacity to buy
purchasing capability
acquisition potential

This phrase is correct and commonly used in English.

"purchase authority"

This phrase refers to the permission or power to make purchases. It is often used in the context of organizational or institutional settings to denote who has the authority to approve purchases.

Examples:

Only managers have purchase authority for items over $500.
The procurement department has purchase authority for office supplies.

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Member States may stipulate that contracting authorities may purchase works, supplies and/or services from or through a central purchasing body.
Builds on Rapporteur's amendment, but suggests that labelling should be restricted to those public authorities that purchase clear majority of vehicles based on their environmental performance.
It encourages in particular public vehicle users - local and central government authorities - to purchase environmentally-friendly vehicles.
Even if a public authority purchases goods and services at a market price, state aid may nevertheless still be present if it turns out that the State did not have an actual need for the land or assets in question [47].
It is no coincidence that only yesterday evening, the debate was concluded and a vote taken on a directive that should encourage, that is aimed at encouraging, local authorities to purchase means of public transport with reduced harmful gas emissions.
The Committee on Transport and Tourism has suggested the use of the label 'clean and energy-efficient urban road transport' by the authorities whose purchases of environmentally friendly vehicles account for the largest share in the total annual specific procurement.
Therefore, when the Community institutions and national public authorities purchase, by means of public procurement, products for which ecolabel criteria exist, those products shall as a minimum meet the requirements of the Community Ecolabel scheme.
Finally, using the value of these meat purchases, the French authorities estimated the annual turnover on the basis of the maximalist assumption that the undertaking in question specialised in the meat trade.
Contracting authorities which purchase works, supplies and/or services from or through a central purchasing body in the cases set out in Article 1(10) shall be deemed to have complied with this Directive insofar as the central purchasing body has complied with it.
International Power's purchase has been approved by the Portuguese Competition Authority.
The Authority observes that these assessments were referred to in the Real Estate Purchase Agreement.
In many areas, local authorities have no choice but to purchase used vehicles.
The Austrian authorities point out that selling at a negative purchase price is permissible under Community law.
The Norwegian authorities underline the fact that the NDLA primarily purchases learning materials via public procurement procedures in the market.
They should not be deemed to be contracting authorities in cases where they purchase from a central purchasing body.
I have it on authority that Duggan can be led to the purchase of this stone.
The French authorities point out that the levy on meat purchases is collected and inspected according to the rules applicable to VAT.
The purchase within the European Community of controlled substances would no longer be regulated and the enforcement authorities limited to inspections of their subsequent use.
Contracting authorities should try to find the code that suits their envisaged purchase as accurately as possible.
Second, the Bulgarian authorities provided data on all transactions [67] involving the sale and purchase of privately owned forests carried out in the period 2007-2009 [68].

Alternatives:

buying authorization
procurement power
purchasing permission
acquisition authority
buying mandate

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purchase ability vs purchase authority