| / English Dictionary |
CONDITIONAL SALE
| Pronunciation (US): |  | (GB): | |
I. (noun)
Sense 1
Meaning:
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)
Classified under:
Nouns denoting communicative processes and contents
Hypernyms ("conditional sale" is a kind 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))
Sense 2
Meaning:
A security interest taken by the seller in return for credit
Classified under:
Nouns denoting possession and transfer of possession
Hypernyms ("conditional sale" is a kind of...):
security interest (any interest in a property that secures the payment of an obligation)
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