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 Purchase Agreement or Contract of Sale is an offer by the buyer to purchase the home for a certain price which the seller accepts. The buyer and seller may negotiate on the price, and once a final price is decided on then the Purchase Agreement is signed and the earnest money is put down as a deposit.