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conditional sale

   Also found in: Legal, Financial, Wikipedia 0.01 sec.
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Noun1.conditional sale - a security interest taken by the seller in return for credit
security interest - any interest in a property that secures the payment of an obligation
2.conditional sale - a sale in which the buyer receives title to the property only upon the performance of some condition (usually the full payment of the purchase price)
sales agreement, sale - an agreement (or contract) in which property is transferred from the seller (vendor) to the buyer (vendee) for a fixed price in money (paid or agreed to be paid by the buyer); "the salesman faxed the sales agreement to his home office"


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Luxfer Group retained the land and buildings on the Redditch site, and the firm set up a conditional sale agreement with ALUnna.
Specifically, a conditional sale lease can take advantage of federal tax code Section 179 for expensing up to $250,000 of the equipment's cost, if the equipment is installed in 2008.
Summary: Stratic Energy has entered into a conditional sale agreement in respect of its Kerkouane permit offshore Tunisia (held 100% by Stratic).
 
 
 
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