conditional sale

Other forms: conditional sales

Definitions of conditional sale

1. noun

   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)
   type of:

   sale, sales agreement

   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)
2. noun

   a security interest taken by the seller in return for credit
   type of:

   security interest

   any interest in a property that secures the payment of an obligation