conditional sale

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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"
References in periodicals archive ?
Iberian has been in negotiations with the Prime Lender and its principles in an effort to secure a Conditional Sales Agreement for the purchase of the property and assets.
International Resource News-November 28, 2011--Quattro Exploration and Production Ltd signs conditional sales agreement with private Guatemalan corporation(C)1994-2011 ENPublishing - http://www.
Mixing the use of true leases and conditional sales leases can help a business avoid exceeding the $800,000 cap because leased equipment does not qualify for Section 179.
Indofood has signed a conditional sales and purchase agreement with City Axis, valued at US$ 249.
Conditional sales (sales where possession of property is transferred but ownership passes only after certain conditions are fulfilled, for example on full payment of the purchase price by the recipient), and instalment sales, (sales where the ownership of the property transfers immediately, but the property is paid for in instalments), are both "sales" for the purposes of the override rule.
Understanding the Legal Differences in Conditional Sales

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