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conditional sale

/kənˈdɪʃənəl seɪl/

1 entry

phrase

/kənˈdɪʃənəl seɪl/C1formallegal
  • ruЮридический термин для соглашения о продаже, при котором передача права собственности или владения зависит от выполнения определенного условия, например, полной оплаты или наступления определенного события.

A legal term for a sale agreement where the transfer of ownership or possession depends on the fulfillment of a specific condition, such as full payment or a certain event occurring.

  1. Conditional SaleC1formal

    A sale agreement where the buyer takes possession of goods but ownership is only transferred after full payment or fulfillment of specific conditions.

    ruУсловная продажа

    • The car was purchased under a conditional sale, so the bank still holds the title until the loan is paid off.
    • Under a conditional sale, the seller retains the right to repossess the goods if the buyer defaults.
    • The contract specified a conditional sale, meaning the equipment remains the property of the seller until the final installment is made.