Hold vs. Procure

Attribute	Hold	Procure
Definition	To have possession or control of something	To obtain or acquire something
Usage	Used when you already have something and want to keep it	Used when you need to obtain something new
Ownership	Implies ownership or control	Implies acquisition or procurement
Action	To retain or keep something	To obtain or get something

Definition

Hold and procure are two terms that are often used in the context of business and finance. Hold refers to the act of retaining ownership of an asset or security for an extended period of time, with the expectation that its value will increase over time. On the other hand, procure refers to the act of obtaining or acquiring something, usually through a formal process such as purchasing or contracting.

Duration

One key difference between hold and procure is the duration of the action. When an individual or entity decides to hold onto an asset, they are typically looking to keep it for the long term, with the goal of benefiting from potential appreciation in value. On the other hand, when someone decides to procure something, it is usually for a specific project or purpose, and the action is more short-term in nature.

Risk

Another important factor to consider when comparing hold and procure is the level of risk involved. Holding onto an asset for an extended period of time can expose the owner to market fluctuations and other external factors that may impact its value. Procuring something, on the other hand, may involve risks related to the quality of the product or service being acquired, as well as potential legal or financial risks associated with the procurement process.

Strategy

Hold and procure are also associated with different strategic approaches. Holding onto assets is often seen as a passive investment strategy, where the owner is banking on the long-term growth potential of the asset. Procuring, on the other hand, is more active in nature, as it involves making deliberate decisions to acquire something for a specific purpose or project.

Cost

Cost is another factor to consider when comparing hold and procure. Holding onto assets may involve costs such as maintenance fees, storage costs, and potential losses if the value of the asset decreases. Procuring something, on the other hand, may involve upfront costs such as purchasing price, contract fees, and other expenses related to the acquisition process.

Flexibility

One advantage of procuring something over holding onto assets is the flexibility it offers. When someone procures something, they have the option to choose from a variety of options and make decisions based on their specific needs and requirements. Holding onto assets, on the other hand, may limit flexibility as the owner is committed to retaining ownership of the asset for a certain period of time.

Decision-making

Decision-making is another key aspect to consider when comparing hold and procure. Holding onto assets may require a more long-term perspective and a willingness to ride out market fluctuations in the hopes of achieving a higher return in the future. Procuring something, on the other hand, involves more immediate decision-making, as the individual or entity must evaluate options and make choices based on current needs and circumstances.

Conclusion

In conclusion, hold and procure are two important concepts in the world of business and finance, each with its own set of attributes and considerations. While holding onto assets may offer the potential for long-term growth and appreciation, procuring something may provide more flexibility and immediate benefits. Ultimately, the decision to hold or procure depends on individual goals, risk tolerance, and strategic objectives.