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Conditional Sale (Noun)

Meaning 1

A security interest taken by the seller in return for credit.

Classification

Nouns denoting possession and transfer of possession.

Meaning 2

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).

Classification

Nouns denoting communicative processes and contents.

Hypernyms

  • Sales Agreement
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