When property or goods will only be sold if certain, agreed upon conditions are met by both parties.
Also known as a security agreement. An agreement with an option to purchase the leased property at the expiration of the lease term at a bargain purchase price. This purchase price is predetermined, and the user of the equipment is treated from the start as the owner of the equipment.
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)
a type of agreement to sell
A sale under contract which requires performance of a condition prior to the passage of title for the thing sold to the buyer. Usually this requires payment of the entire purchase price by the buyer.
An agreement where the customer agrees to buy the goods at the outset but ownership does not pass to them until all the scheduled payments have been made.
An installment sale in which the goods are delivered to the buyer, but title remains with the seller until payment is made for the goods.
Is a category of auction where the sale of the vehicle is conditional upon the buyer completing an inspection of the vehicle and accepting the vehicle for sale.
A contract for the sale of property stating that the title will remain invested in the seller until the conditions of the contract have been fulfilled.
The sale of goods where the buyer receives possession of goods or property, but does not receive title to them until specific conditions are fulfilled.
A sale in which a buyer or seller is not bound by the agreement until all conditions are met.
A purchase agreement which presumes the customer to be the owner of the equipment immediately upon signature - provided all payments/conditions are met. (This contract allows immediate ownership for tax treatment and gives the seller a security interest uptil payments are completed.)
A contract for the sale of goods by which the seller reserves ownership (but not possession) of the goods until the price has been paid(usually by installments) Such contracts are regulated by the Personal Property Security Act.
An agreement for the sale of goods under which the purchase price or part of it is payable by instalments and the property in the goods remains with the seller (although the buyer is in possession of the goods) until such conditions as to the payment of instalments or otherwise as specified on the agreement are fulfilled. This agreement is often a 'Regulated Agreement' (see definition) under the Consumer Credit Act.
A financing Agreement under which title to the goods passes to the customer only upon fulfillment of a condition. It is common for prompt and punctual discharge of all repayments to be the only condition to be met.
A contract stating that the title will remain with the seller, until certain conditions are fulfilled by the buyer. Also referred to as conditional conveyance.