conditional bill of sale
noun[C]
ukuspluralconditional bills of saleCOMMERCE
anarrangementin which someone wholendsmoneyfor asalebecomesthetemporaryownerofgoodsandpropertybelongingto thepersonwho isborrowingthemoney:
Aconditionalbillofsalecanresultin the grantor of thebillconfiscatingorpossessingthecollateralproperty.