Bankruptcy. A debtor’s leasing ploy to try to keep property outside the bankruptcy estate, whereby a lease either presents the lessee-debtor with a bargain purchase option or transfers title to the lessee-debtor at the end of the lease term. • When such a lease is discovered, the property is treated as part of the bankruptcy […]
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One of a series of periodic payments made under an installment plan. See INSTALLMENT SALE.
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install, vb. To induct (a person) into an office or a rank (the newly elected governor was soon installed in office).
A conditional sale in which the buyer makes a down payment followed by periodic payments and the seller retains title or a security interest until all payments have been received. — Also termed installment plan; retail installment sale. [Cases: Sales 82(4).]
retail installment contract 零售分期付款合同 买方和零售商之间的合同，买方分期偿付货款，卖方对所售货物保留所有权或担保权益。(→chattel mortgage)
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A method by which a taxpayer can spread the recognition of gains from a sale of property over the payment period by computing the gross-profit percentage from the sale and applying it to each payment. [Cases: Internal Revenue 3104; Taxation 1078. C.J.S. Internal Revenue §§ 47–50; Taxation § 1759.]
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