conditional sale

American  

noun

1. 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.

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Example Sentences

Freeport and Newmont have signed either conditional sales purchase agreements or MoUs with the three projects, but the smelter firms say a firmer commitment on volumes and prices of concentrate is needed.

From Reuters

Bowman's attorneys allege specifically that the appellate court created a "conditional sale" exception to a long-standing doctrine of patent exhaustion in a way that conflicts with existing law.

From Reuters

PKF have agreed the conditional sale of the club to the PST - but it is based on the Trust being able to purchase Fratton Park.

From BBC

The National Automobile Dealers Association, meanwhile, argues that deceptive practices “are not prevalent” in the marketplace and that a blanket ban on “conditional sales,” or agreements made contingent upon financing, is unwarranted.

From New York Times

SEE     Woodruff, Edwin H.   The law of chattel mortgages and     conditional sales.

From Project Gutenberg