conditional sale

a sale in which the title of a property remains with the seller until some condition is met, as the payment of the full purchase price. Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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conditional sale

1. a security interest taken by the seller in return for credit 
2. a sale in which the buyer receives title to the property only upon the performance of some condition (usually the full payment of the purchase price) 
WordNet® 3.0, © 2006 by Princeton University.
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Example sentences
For purposes of applying sales tax, a financing lease with a nominal purchase option will be treated as a conditional sale.
The purchaser under a contract of conditional sale is considered the owner for the purpose of registration.
The alternative to a true lease is a conditional sale.
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