purchased

Purchased is the past tense and past participle of the verb purchase. It means that someone has obtained something by paying money, resulting in a transfer of ownership from seller to buyer. The term is used in everyday commerce, business procurement, and legal or financial documents to indicate that a transaction has been completed.

As a verb, purchase is transitive and requires a direct object: "She purchased a car." The standard forms are purchase (base), purchased (past), purchasing (present participle), and purchases (third person singular). The noun purchase refers to the act or the result of buying, as in "the purchase price" or "the purchase of a home."

As an adjective, purchased describes goods or assets obtained through purchase, for example "purchased inventory" or "purchased assets." This usage is common in accounting, procurement, and contract language to distinguish bought items from leased or rented ones.

Origin and usage notes: The verb purchase originates in Middle English from Old French, with related forms in other Romance languages. The word has remained common in English for both everyday and formal contexts. It is distinct from purchasing, which denotes the act of buying rather than a completed transaction.