conditional sale agreement


Also found in: Financial.

conditional sale agreement

an agreement under which the sale is suspended until the price is paid. The term is important in relation to consumer credit law.
References in periodicals archive ?
35% owned subsidiary, Hoa Lam-Shangri-la Healthcare LLC has entered into a conditional sale agreement with Tri Hanh Consultancy Co Ltd.
In addition, HLSL has entered into a conditional sale agreement with Tri Hanh Consultancy Co Ltd.
A It sounds as though you have either a hire purchase or a conditional sale agreement.
Sydney, Australia, Nov 24, 2011 - (ABN Newswire) - Murchison Metals Ltd (ASX:MMX) has entered into a conditional sale agreement with Mitsubishi Development Pty Ltd in relation to all of the Company's interests in Crosslands Resources Ltd, the owner of the Jack Hills Expansion Project, and the Oakajee Port and Rail ("OPR") project (the "Transaction").
Luxfer Group kept the land and buildings on the Redditch site, although the firmset up a conditional sale agreement with ALUnna, subject to environmental work to be carried out over several years.
Luxfer Group retained the land and buildings on the Redditch site, and the firm set up a conditional sale agreement with ALUnna.
Summary: Stratic Energy has entered into a conditional sale agreement in respect of its Kerkouane permit offshore Tunisia (held 100% by Stratic).
If a conditional sale/instalment sale is considered a "sale," GST/HST should be due either at the time the sale occurs or at the time the conditional sale agreement is entered into.

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