A bill of sale is a legal document that records the transfer of ownership of an asset to a second party in exchange for money. A bill of sale needs to clearly identify the parties involved in a transaction, the item being sold, the selling price, and the date the transaction took place.A bill of sale is a legally binding document that shows in writing the sale or transfer of personal property from one party to another. No information is available for this page. A bill of sale will detail a transfer of property or sale of items between a seller and buyer. This type of document serves as legal evidence. You are free to draft your bill of sale in any language but you will need to translate it into English if you intend to use it as evidence in a legal dispute. The meaning of BILL OF SALE is a formal instrument for the conveyance or transfer of title to goods and chattels. A bill of sale is a formal document detailing in writing a sale of goods or transfer of property from one party to another.