Definitions
There are 2 meanings of the phrase
Conditional Sale.
Conditional Sale - as a noun
A security interest taken by the seller in return for credit
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)
Example Sentences
"I bought my car through a conditional sale agreement."
"The furniture store offers conditional sale financing options."
"Under the terms of the conditional sale, the ownership will transfer to the buyer after the final payment."
"The company sold the equipment on a conditional sale basis."
"The conditional sale contract stated that the buyer must maintain insurance on the item."
