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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. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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This paper examines how companies can offer repayment programs that satisfy the needs of the market from extended term payments including revolving credit to being able to offer conditional sales contracts and nominal option leases. government monetary and fiscal policy, changes in credit market conditions, the ability to attract new deposits and loans and leases, delays in or failure to achieve closing of the conditional sales contracts for certain nonperforming assets, and delays in opening new offices or inability to obtain all required regulatory or other approvals for opening new offices, as well as other factors identified in this press release or in |
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