conditional sale

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Related to Conditional sales contracts: Conditional Sale Agreement
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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"
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
References in periodicals archive ?
The treaty creates international standards for registration of contracts of sale (including dedicated registration agencies), security interests (liens), leases and conditional sales contracts, and various legal remedies for default in financing agreements, including repossession and the effect of particular states' bankruptcy laws.
Another example involves an entrepreneur who entered into a financial agreement to buy conditional sales contracts from a company that specialized in food delivery.

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