Conditional Sale
nounverified·updated May 18, 2026
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)
Framework senses
- §1
- 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)
- §2
- a security interest taken by the seller in return for credit