conditional sale agreement |
|
Definition
Arrangement where a buyer takes possession of an item, but its title and right of repossession remains with the seller until the buyer pays the full purchase price (usually in installments stretched over months or years). Common type of agreement used in the financing of machinery and equipment, and real estate. Also called conditional sale contract.
email to a friend
print this definition
cite this definition
link to this page
conditional sale agreement is in the Corporate, Commercial, & General Law, Purchasing & Procurement and Real Estate & Buildings subjects.
conditional sale agreement appears in the definition of the following term: conditional sale contract
This content can be found on the following page:
http://www.businessdictionary.com/definition/conditional-sale-agreement.html