Conditional sales contracts

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Related to conditional sale: Conditional Sale Agreement

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 ?
According to Kramer, the conditional sale doctrine was an exception to the rule, allowing patent owners to impose post-sale restrictions disclosed to their customers at the time of sale.
Conditional sales (sales where possession of property is transferred but ownership passes only after certain conditions are fulfilled, for example on full payment of the purchase price by the recipient), and instalment sales, (sales where the ownership of the property transfers immediately, but the property is paid for in instalments), are both "sales" for the purposes of the override rule.
Barring any legal technicalities, the conditional sale of the club's home of 118 years will be approved by the end of this week and shareholders notified of a date of an EGM to vote on the historic issue.
The directors confirm that Heart of Midlothian plc is in advanced discussions for the conditional sale of Tynecastle.
Because P acquires title, the arrangement is a conditional sale, instead of a true lease.
Recognizing the distinctions and drafting protective agreements around each type of transaction will provide the best foundation for a successful conditional sale transaction.
Taking account of the information relating to the conditional sale of AdviserCo, which has arisen subsequent to the 24 January 2018 announcement, the board has adjusted its estimate of net asset value at 31 December 2017 to GBP [63.
Alternatively, a combination of free finance with a 50% deposit is available for those preferring a conditional sale.
The all-new Mazda MX-5 is available with either 0% APR* Representative finance on Mazda Conditional Sale up to 36-months (with a 50% deposit), 5.
There is no shortage of investors willing to buy at the moment and an auction is a definite route to a non conditional sale where the deal is done on the day.
The merger would be made through share swap the two operators of CDMA-based telecommunication service have signed a conditional sale and purchase agreement.
Global Petroleum Limited, an Australia-based oil and gas company, has signed a conditional sale and purchase agreement with Jupiter Petroleum Limited.

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