conditional sale
English Thesaurus
1. 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 price) (noun.communication)
hypernym | : | sale, sales agreement, |
definition | : | an agreement (or contract) in which property is transferred from the seller (vendor) to the buyer (vendee) for a fixed price in money (paid or agreed to be paid by the buyer) (noun.communication) |
2. a security interest taken by the seller in return for credit (noun.possession)
hypernym | : | security interest, |
definition | : | any interest in a property that secures the payment of an obligation (noun.possession) |
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