Conditional Sale Legal Meaning and Definition

Here is a simplified definition of the legal term Conditional Sale.

Conditional Sale (noun): This term refers to a type of sales agreement where the ownership or title of an item (such as a property or goods) is not immediately transferred to the buyer. Instead, the title is transferred only after the buyer fulfills specific agreed-upon conditions, typically the payment of the full purchase price. This ensures that the seller retains control over the item until the conditions are met fully.