Definitions for "Conditional Sale"
Keywords:  fulfilled, met, uptil, punctual, outset
When property or goods will only be sold if certain, agreed upon conditions are met by both parties.
Also known as a security agreement. An agreement with an option to purchase the leased property at the expiration of the lease term at a bargain purchase price. This purchase price is predetermined, and the user of the equipment is treated from the start as the owner of the equipment.
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)
A situation under the income tax provisions whereby the actual user is seen as the owner of an asset for availing the capital allowances. In India, a conditional sale will include the Hire Purchase transaction.
a financing contract where the customer does not receive clear title to the asset until completion of the contractual payments.
Keywords:  taken, return, seller, credit, security
a security interest taken by the seller in return for credit