Conditional sales contracts

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Conditional sales contracts

Similar to equipment trust certificates, except that the lender is either the equipment manufacturer or a bank or finance company to which the manufacturer has sold the conditional sales contract.

Conditional Sales Contracts

A sale of an asset in which the buyer assumes possession and may have use of the asset, but the seller retains title until the buyer pays its full price and may repossess the asset if the buyer does not. In exchange for the right to use the asset, the buyer makes payments over an agreed-upon period of time, whether months or years. This arrangement is most common with heavy equipment, machinery, and real estate. See also: Beneficial ownership, Lease.
References in periodicals archive ?
The pricing of the Mazda6 has become even more competitive following the new retail offer from Mazda UK, which entitles Mazda6 customers visiting the Hadfield Road showroom to a PS1,000 Mazda Finance Deposit Contribution towards both Personal Contract Purchase (PCP) and Conditional Sale agreements.
The already keen pricing of the Mazda6 has become even more competitive following the new retail offer from Mazda UK which entitles Mazda6 customers visiting the Hadfield Road showroom to a PS1000 Mazda Finance Deposit Contribution towards both Personal Contract Purchase (PCP) and Conditional Sale agreements.
an indirect wholly owned subsidiary of Naspers, has now entered into conditional sale agreements (the "agreements") for the disposal of NetMed to Forthnet SA ("Forthnet"), a leading Greek telecommunication company.

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