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conditional sale |
Also found in: Dictionary/thesaurus, Wikipedia | 0.06 sec. |
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conditional sale n. a sale of property or goods which will be completed if certain conditions are met (as agreed) by one or both parties to the transaction. Example: Hotrod agrees to buy Tappit's 1939 LaSalle for $1,000 cash if Tappit can get the car running by September 1st. (See: sale) |
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? References in periodicals archive |
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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. Six main topic areas, chosen for their significant levels of litigation, are addressed: conditional sales of land, topsoil ownership, debt, old-age support, women's choices in marriage and illicit sex in Qing law, and women's choices in marriage, divorce and adultery in Republican law. Some of the most common types of debt financing available to the entrepreneur include demand loans, lines of credit, bridge loans, conditional sales purchases and floor financing. |
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conditional sales