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Meaning of CONDITIONAL SALE
Pronunciation:
kun'dishunl seyl
WordNet Dictionary
Definition:
[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
)
[n]
a
security
interest
taken
by
the
seller
in
return
for
credit
Websites:
See Also:
sale
,
sales agreement
,
security interest
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