The sale of goods where the price is payable in instalments. The goods remain the property of the seller until the full price is paid or the customer meets another condition. HM Customs & Revenue Glossary
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conditional sale UK US noun [C] UK
► COMMERCE a type of sale which depends on the full cost being paid, usually in a series of regular payments over a period of time. The buyer does not own the goods or property until they have finished paying the full amount: »
a conditional sale agreement
Financial and business terms. 2012.