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.
The company has also inked conditional sales and purchase agreement with Mr Low Soon Sim to acquire the entire issued and paid-up share capital of Richwood Asia I Investments Limited and One Room Mansion Limited (ORM) for $31 million.

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