| NOUN | possession | conditional sale | a security interest taken by the seller in return for credit |
|---|---|---|---|
| communication | conditional sale | 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) |
| Meaning | A security interest taken by the seller in return for credit. | |
|---|---|---|
| Broader | security interest | Any interest in a property that secures the payment of an obligation |
| Spanish | compraventa condicional, venta condicionada | |
| Catalan | venda condicionada | |
| Meaning | 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). | |
|---|---|---|
| Broader | sale, sales agreement | An agreement (or contract) in which property is transferred from the seller (vendor) to the buyer (vendee) for a fixed price in money (paid or agreed to be paid by the buyer) |
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