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Discover LudwigThe phrase "the purchase" is correct and usable in written English
You can use it to refer to the act of buying or acquiring something. For example: "The purchase of high-end products increased significantly during the holiday season."
Dictionary
Exact(60)
The purchase was cannily timed.
The purchase process was confounding.
Unfortunately, the purchase fell through.
The purchase went through.
Another justification supported the purchase.
The register rejected the purchase.
The purchase wasn't financially feasible.
The purchase was made.
The purchase was denied.
Phase one was the purchase.
He hesitated before the purchase.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com