Conditional sales contracts

(redirected from Conditional Sale Agreement)
Also found in: Legal.

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 ?
Sydney, Australia, Nov 24, 2011 - (ABN Newswire) - Murchison Metals Ltd (ASX:MMX) has entered into a conditional sale agreement with Mitsubishi Development Pty Ltd in relation to all of the Company's interests in Crosslands Resources Ltd, the owner of the Jack Hills Expansion Project, and the Oakajee Port and Rail ("OPR") project (the "Transaction").
CVC has entered into a conditional sale agreement with the Danish State for its 22% shareholder stake in Post Danmark A/S.
Luxfer Group kept the land and buildings on the Redditch site, although the firmset up a conditional sale agreement with ALUnna, subject to environmental work to be carried out over several years.
Luxfer Group retained the land and buildings on the Redditch site, and the firm set up a conditional sale agreement with ALUnna.
Summary: Stratic Energy has entered into a conditional sale agreement in respect of its Kerkouane permit offshore Tunisia (held 100% by Stratic).
regarding conditional sale agreement of 100% share capital of the company under
If a conditional sale/instalment sale is considered a "sale," GST/HST should be due either at the time the sale occurs or at the time the conditional sale agreement is entered into.
The group sold private education business Educor and entered into a conditional sale agreement for its Greek and Cypriot pay-TV business, NetMed.
informs about signing of conditional sale agreement of 100 shares constituting
The caravan was subject to a Conditional Sale Agreement with a finance company involving payments of pounds 500 per month.
At the beginning of the year, Harsco had signed a conditional sale agreement with Wayne Corporation of Richmond, Ind.
Harsco and Wayne have signed a conditional sale agreement, but because Wayne Corporation filed for Chapter 11 bankruptcy protection in August 1992, the transaction is subject to bankruptcy court approval.

Full browser ?