point-of-salepoint of sale
The cash register where a retail item is bought is an example of the point-of-sale.
point of sale
nounpl. points of sale
(plural points of sale)
- In an establishment that sells goods or services, the location at which payment for goods is made.
point of sale - Computer Definition
Capturing data at the time and place of sale. Point of sale (POS) systems can use regular computers or specialized terminals that are combined with cash registers, barcode scanners, magnetic stripe readers and chip readers for accurately and instantly capturing the transaction. POS systems may be online to a central computer for credit checking and inventory updating, or they may be stand-alone machines that store the daily transactions until they can be delivered or transmitted to the main computer for processing. See card reader, keyboard wedge and self checkout.