retail installment contract
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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retail installment contract
retail installment contract
A contract for the sale of goods under which the buyer makes periodic payments and the seller retains title to or a security interest in the goods. — Also termed retail installment contract and security agreement; conditional sales contract. Cf. chattel mortgage under MORTGAGE. [Cases: Consumer Credit 4. C.J.S. Interest and Usury; Consumer Credit §§
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