conditional sales

conditional sales
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 condition, usually the payment of the price; it is a purchase for a price paid or to be paid, to become absolute on a particular event, or a purchase accompanied by an agreement to resell upon particular terms. Under a conditional sale the seller reserves title as security for payment for goods.
- secured transaction

Black's law dictionary. . 1990.

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Look at other dictionaries:

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  • Conditional sales contracts — Similar to equipment trust certificates except that the lender is either the equipment manufacturer or a bank or finance company to whom the manufacturer has sold the conditional sales contract. The New York Times Financial Glossary …   Financial and business terms

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  • 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 condition, usually the payment of… …   Black's law dictionary

  • Conditional Sales Act — A uniform act specifically repealed by the Uniform Commercial Code. 15 Am J2d Com C § 6 …   Ballentine's law dictionary

  • conditional — I adjective alterable, changeable, conditioned, containing stipulations, contingent on, dependent on, depending on, depending on a future event, determined by, equivocal, granted on certain terms, hypothetical, imposing a condition, indefinite,… …   Law dictionary

  • 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 budgeting — is a budgeting approach designed for companies with fluctuating income, high fixed costs, or income depending on sunk costs, as well as NPOs and NGOs. The approach builds on the strengths of proven budgeting approaches, leverages the respective… …   Wikipedia

  • Conditional Rebate — A conditional rebate is a sales based promotion used typically by retailers to further increase their sales, generate traffic and create publicity. With this specific type of rebate, a company typically offers a certain amount of their product,… …   Wikipedia

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