bawl definition: To bawl is defined as to cry or wail loudly. (verb) An example of bawl is to sob loudly upon hearing bad news. ...
Consider these examples. When accepted by a vendor every PO becomes a contract, but not every contract is a PO. Some (but not all!) people view POs as a kind of one-time contract. Purchase Orders may cross-reference the terms of a negotiated contract. It's a common misconception that the level of detail in a PO is less than that of a contract.
The fundamental difference is that while purchase order represents for a particular business transaction between your company and the third party supplier, contract/outline agreement is used to register the long-term agreement between your company and the vendor for the supplies of particular materials and/or render of services in accordance with ...