installment contract
11installment sale — Commercial arrangement by which buyer makes initial down payment and signs a contract for payment of the balance in installments over a period of time. In accounting for such sales, the seller may either account for the profits on basis of each… …
12contract — An agreement between two or more persons which creates an obligation to do or not to do a particular thing. As defined in Restatement, Second, Contracts No. 3: A contract is a promise or a set of promises for the breach of which the law gives a… …
13contract — An agreement between two or more persons which creates an obligation to do or not to do a particular thing. As defined in Restatement, Second, Contracts No. 3: A contract is a promise or a set of promises for the breach of which the law gives a… …
14installment plan — Commercial sales arrangement by which goods are sold and buyer pays for them in periodic payments. See also installment contract installment credit installment loan installment sale …
15installment plan — Commercial sales arrangement by which goods are sold and buyer pays for them in periodic payments. See also installment contract installment credit installment loan installment sale …
16Installment Sales Method — Installment Sale MethodThe installment sale method is an alternative to the cash method vs accrual method debate of accounting. The installment sale method allows the taxpayer to defer the inclusion of income until the payments is made in cash or …
17installment sale — n. A contract in which a consumer purchases an item and receives it at once but pays for it over a period of time in installments. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008.… …
18contract payment — index installment, premium (insurance payment) Burton s Legal Thesaurus. William C. Burton. 2006 …
19Installment sale in the United States — In United States income tax law, an installment sale is generally a disposition of property where at least 1 payment is to be received after the close of the taxable year in which the disposition occurs. [usc|26|453(b)(1).] The term installment… …
20land sale contract — Contract for the purchase and sale of land upon execution of which title is transferred. Term commonly refers to an installment contract for the sale of land whereby purchaser (vendee) receives the deed from the owner (vendor) upon payment of… …
