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TeachMeFinance.com - explain Bill of Sale bill of sale -- a written document that transfers title to personal property from the seller to the buyer. another definition... Bill of Sale -- A written document by which a party legally transfers ownership of goods to another party. historic definition... Bill of sale -- A document given as security for a debt wherein the debtor transfers to the creditor the right to property specified in the bill, which property may be seized and disposed of by the creditor upon the non-fulfilment of the obligation by the debtor. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.