Word | Noun | Adjective | Verb | Adverb |
---|---|---|---|---|
sales agreement | Yes | No | No | No |
conditional sale | Yes | No | No | No |
sales agreement (noun) | conditional sale (noun) |
---|---|
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) | 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 security interest taken by the seller in return for credit |