An arrangement in which a buyer takes possession of an item, but its title and right of repossession remains with the seller until the buyer pays the full purchase price (usually in installments). Sometimes called Conditional Sales Contract or CSC.
An arrangement in which a buyer takes possession of an item, but its title and right of repossession remains with the seller until the buyer pays the full purchase price (usually in installments). Sometimes called Conditional Sales Contract or CSC.