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Meaning of CONDITIONAL SALE

Pronunciation:  kun'dishunl seyl

 
WordNet Dictionary
 
 Definition: 
  1. [n]  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)
  2. [n]  a security interest taken by the seller in return for credit
 
 See Also: sale, sales agreement, security interest

 

 

 

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