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.

Look at other dictionaries:

  • conditional sale — The sale of goods where the price is payable in instalments. The goods remain the property of the seller until the full price is paid or the customer meets another condition. HM Customs & Revenue Glossary * * * conditional sale conditional sale ➔ …   Financial and business terms

  • Conditional sale — A conditional sale is a term used to describe a real estate transaction where the parties have set conditions. A standard real estate transaction usually begins when a prospective purchaser submits an offer to purchase to the vendor of a property …   Wikipedia

  • conditional sale — absolute and conditional sales An absolute sale is one where the property in chattels passes to the buyer upon the completion of the bargain. A conditional sale is one in which the transfer of title is made to depend on the performance of a… …   Black's law dictionary

  • conditional sale — A sale in which the vendee receives the possession and right of use of the goods or articles sold, but transfer of complete title to the vendee is made dependent upon the performance of some condition or the happening of sorne contingency,… …   Ballentine's law dictionary

  • 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

  • conditional sale —    A sale of property or goods that will be completed if certain agreed conditions are met by one or both parties to the transaction. For example, a painting will be sold for a certain price if an independent expert confirms that it is an… …   Business law dictionary

  • conditional sale agreement — A conditional sale agreement is an agreement in which the ownership of the goods passes to the buyer once he has fulfilled certain conditions i.e. usually until he has paid all of the instalments. Easyform Glossary of Law Terms. UK law terms.… …   Law dictionary

  • conditional sale contract — A contract for the sale of goods by the terms of which the goods are to be delivered to the buyer, but the seller is to retain or reserve the right of possession or property in the goods until certain conditions specified in the contract have… …   Ballentine's law dictionary

  • 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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