conditional sale

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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)

References in periodicals archive ?
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.
A wholesaler of goods may, at times, wish to accomplish a conditional sale of its goods to a retailer.
Conditional sales purchases are often offered by equipment manufacturers.

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