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Definition of Point of sale

Babylon English

actual location where the client makes the purchase; computer application which facilitates sales transactions and often helps track inventory
Point of sale Definition from Business & Finance Dictionaries & Glossaries
European Central Bank Glossary
This term refers to the use of payment cards at a retail location (point of sale). The payment information is captured either on paper vouchers or by electronic terminals, which, in some cases, are designed to also transmit the information (in which case the arrangement may be referred to as "electronic funds transfer at point of sale" (EFTPOS)).
Copyright © 2006, European Central Bank, Frankfurt am Main, Germany. This information may be obtained free of charge through the ECB's website.
Point of sale Definition from Computer & Internet Dictionaries & Glossaries
Smart Card Terms
POS terminals (in comparison to central terminal) are handheld or desktop devices that can conduct transactions with smart or mag-stripe cards.
Point of sale Definition from Encyclopedia Dictionaries & Glossaries
Wikipedia English - The Free Encyclopedia
Point of sale (also called POS or checkout, during computerization later becoming electronic point of sale or EPOS) is the place where a retail transaction is completed. It is the point at which a customer makes a payment to the merchant in exchange for goods or services. At the point of sale the retailer would calculate the amount owed by the customer and provide options for the customer to make payment. The merchant will also normally issue a receipt for the transaction.

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Point of sale Definition from Language, Idioms & Slang Dictionaries & Glossaries
WordNet 2.0

Adjective
1. of or relating to or being the location where something is purchased
(pertainym) point