conditional sale

conditional sale
conditional sale see sale

Merriam-Webster’s Dictionary of Law. . 1996.

conditional sale
A sale of property or goods which will be completed only if certain conditions are met 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.
Category: Business, LLCs & Corporations → Buying or Selling a Business
Category: Business, LLCs & Corporations → LLCs, Corporations, Partnerships, etc.

Nolo’s Plain-English Law Dictionary. . 2009.

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 also: sale

Law dictionary. . 2013.

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Look at other dictionaries:

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  • conditional sale — noun 1. a security interest taken by the seller in return for credit • Hypernyms: ↑security interest 2. 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 …   Useful english dictionary

  • conditional sale — a sale in which the title of a property remains with the seller until some condition is met, as the payment of the full purchase price. * * * …   Universalium

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  • conditional sale agreement — A contract of sale under which the price is payable by instalments and ownership does not pass to the buyer (who is in possession of the goods) until specified conditions relating to the payment have been fulfilled. The seller retains ownership… …   Big dictionary of business and management

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