conditional bill of sale

conditional bill of sale
conditional bill of sale UK US noun [C] (plural conditional bills of sale)
COMMERCE an arrangement in which someone who lends money for a sale becomes the temporary owner of goods and property belonging to the person who is borrowing the money: »

A conditional bill of sale can result in the grantor of the bill confiscating or possessing the collateral property.


Financial and business terms. 2012.

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Look at other dictionaries:

  • Bill of sale — A bill of sale is a legal document made by a seller to a purchaser , reporting that on a specific date, at a specific locality, and for a particular sum of money or other value received , the seller sold to the purchaser a specific item of… …   Wikipedia

  • bill of sale — 1) A document by which a person transfers the ownership of goods to another. Commonly the goods are transferred conditionally, as security for a debt, and a conditional bill of sale is thus a mortgage of goods. The mortgagor has a right to redeem …   Accounting dictionary

  • bill of sale — 1) A document by which a person transfers the ownership of goods to another. Commonly the goods are transferred conditionally, as security for a debt, and a conditional bill of sale is thus a mortgage of goods. The mortgagor has a right to redeem …   Big dictionary of business and management

  • bill of sale — noun a document transferring title in personal property from one person to another, either temporarily as security against a loan or debt (conditional bill of sale), or permanently (absolute bill of sale) …  

  • bill of sale — bill of sale: a formal instrument for the conveyance or transfer of title to goods and chattels Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. bill of sale n. A written agreement that tran …   Law dictionary

  • conditional — I adjective alterable, changeable, conditioned, containing stipulations, contingent on, dependent on, depending on, depending on a future event, determined by, equivocal, granted on certain terms, hypothetical, imposing a condition, indefinite,… …   Law dictionary

  • sale — An agreement between a buyer and a seller on the price to be paid for a security, followed by delivery. Bloomberg Financial Dictionary * * * sale sale [seɪl] noun 1. [countable, uncountable] COMMERCE the act of selling someone property, food, or… …   Financial and business terms

  • sale — A contract between two parties, called, respectively, the seller (or vendor) and the buyer (or purchaser), by which the former, in consideration of the payment or promise of payment of a certain price in money, transfers to the latter the title… …   Black's law dictionary

  • Купчая — (bill of sale) 1. Документ о передаче собственности на товар одним лицом другому. Как правило, товары передаются условно, в качестве обеспечения займа, поэтому условная купчая (conditional bill of sale) представляет собой, таким образом, товарный …   Словарь бизнес-терминов

  • List of law topics (A-E) — NOTOC Law [From Old English lagu something laid down or fixed ; legal comes from Latin legalis , from lex law , statute ( [http://www.etymonline.com/index.php?search=law searchmode=none Law] , Online Etymology Dictionary; [http://www.m… …   Wikipedia

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