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Conditional sale   /kəndˈɪʃənəl seɪl/   Listen
Conditional sale

noun
1.
A security interest taken by the seller in return for credit.
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 price).






WordNet 3.0 © 2010 Princeton University








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"Conditional sale" Quotes from Famous Books



... his proposal for the sale of the Carroll property. The boy, who was honorable to the finish, had been loath to ask, in the then reduced state of the property, for a loan on mortgage to the extent which he would require; therefore he proposed this conditional sale as offering rather better, or at least more evident, security, and he regarded it in his own mind as practically amounting to the same thing. He was as sure of his being able to purchase back his own, should he secure the ...
— The Debtor - A Novel • Mary E. Wilkins Freeman



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