A type of credit contract where you buy goods with the right to use them and pay them off later – eg, by making monthly payments (instalments). This used to be called hire purchase.

An agreement to sell with a condition which provides that payment shall be made by instalments. The property in the goods passed at once to the buyer.

An Agreement for the funding of intangibles such as software only. A Credit Sale Agreement is only open to customers who are not regulated by the Consumer Credit Act or where the total amount to be funded exceeds £25,000.