instalment sale contract

  • 1instalment sale — A sale of personal property in which the purchase price is payable in instalments. 47 Am J1st Sales § 830. Usually, although not necessarily, a conditional sale in reference to the security provided by the contract for the payment of the purchase …

    Ballentine's law dictionary

  • 2instalment payments — Partial payments on account of a larger sum. Payments at fixed intervals until the entire principal and interest on an obligation is satisfied, according to a provision contained in a contract, note, conditional sale contract, chattel mortgage,… …

    Ballentine's law dictionary

  • 3total contract price — The entire amount paid, or agreed to be paid, by the purchaser. The amount of a mortgage assumed by a purchaser of realty on an instalment sale must be excluded from the basis used for determining the proportion of the gain which is taxable in a… …

    Ballentine's law dictionary

  • 4carrying charges — Charges for interest, insurance, filing fee, and attorney s fee included in a conditional sale or instalment sale contract, chattel mortgage, or trust receipt …

    Ballentine's law dictionary

  • 5Consumer Credit Act 1974 — United Kingdom Parliament Long title An Act to establish for the protection of consumers a new system, administered by the Director General of Fair Trading, of licensing and other control of traders concerned with the provision of credit, or the …

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  • 6delivery — de·liv·ery n pl er·ies: an act that shows a transferor s intent to make a transfer of property (as a gift); esp: the transfer of possession or exclusive control of property to another actual delivery: a delivery (as by hand or shipment) of actual …

    Law dictionary

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