conditionalsale
nounA conditional sale is a deal where you get something now but only truly own it after you pay all the money.
The family bought their sofa through a conditional sale, so it becomes theirs once the last payment is made.
RELATED WORDS
OTHER MEANINGS
2. A sale in which ownership passes to the buyer only when certain agreed conditions are fulfilled.
Under the conditional sale, the car stayed with the dealer until the buyer finished paying.
3. A retail arrangement where goods are handed over at once but the seller keeps title until full payment.
The store offered a conditional sale on the laptop, letting her take it home that day.
4. A property transaction that depends on a condition, such as the buyer getting a loan approved.
Their house purchase was a conditional sale pending the bank's approval.