To purchase or buy something (often formally), e.g. at an auction or from a seller.
オークションでその絵を百万で買い受けた。
I purchased that painting at the auction for one million.
会社は古い機械を買い受けて修理して使うことにした。
The company decided to purchase the old machines, repair them, and use them.
農協が地元の作物を買い受ける契約を結んだ。
The agricultural cooperative signed a contract to purchase local crops.