Credit sale definition

Credit sale means an extension of credit for the sale of goods or services by a seller that is subject to the home improvement finance act, Act No. 332 of the Public Acts of 1965, being sections 445.1101 to 445.1431 of the Michigan Compiled Laws, or the motor vehicle sales finance act, Act No. 27 of the Public Acts of the Extra Session of 1950, being sections 492.101 to 492.141 of the Michigan Compiled Laws.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Credit sale means a sale of goods, services, or an interest in land in which all of the following are applicable:

Credit sale means a sale of goods, services, or an interest in land in which all of the following are applicable: a. Credit is granted either under a seller credit card or by a seller who regularly engages as a seller in credit transactions of the same kind. b. The buyer is a person other than an organization. c. The goods, services, or interest in land are purchased primarily for a personal, family, or household purpose. d. Either the debt is payable in installments or a finance charge is made. e. For goods and services, the amount financed does not exceed twenty-five thousand dollars.

Examples of Credit sale in a sentence

ESMC’s share of Credit sale proceeds will be used to pay Program costs or the costs of administering ESMC programs consistent with ESMC’s charitable purposes and non-profit, tax-exempt status.
Grantor shall pay all withdrawal and stewardship fees associated with the Credit sale per the BWSR fee schedule in place on the effective date of this Agreement.
The transfer of liability is established by: 1) the approval of this Instrument; 2) receipt by the USACE of a Credit sale certificate that is signed by the Program Sponsor and the permittee and dated (see Exhibit G); and 3) the transfer of fees from the permittee to the Program Sponsor.
Administrative costs equal to 18% of each Credit sale will be allowed for the Program Sponsor to manage the Program.
Administrative costs equal to 15% of each Credit sale will be allowed for the Program Sponsor to manage the Program.

Credit sale means a sale products, services or an interest in land to a person on credit where a debt is payable in installments or a finance charge is imposed and includes any agreement in the form of a bailment of products or lease of products or real property if the bailee or lessee pays or agrees to pay compensation for use a sum substantially equivalent to or in excess of the aggregate value of the products or real property involved and it is agreed that the bailee or lessee will become, or for no other or a nominal consideration has the option to become, the owner of the products or real property upon full compliance with the terms of the agreement.

Credit sale. ’ means a sale of goods or serv- ices under an agreement that provides for the de- ferred payment of the purchase price. Credit sales shall include sales made under the following:

Credit sale. - means a sale, redemption or realization of any of the fund's assets the proceeds of which are received by the fund on a date subsequent to the date of sale, redemption date or realization date;

Credit sale means a sale in which the seller is a creditor. The term includes a bailment or lease (unless terminable without penalty at any time by the consumer) under which the consumer -

Credit sale means the sale of goods in pursuance of an agreement under which the whole or part of the purchase price is payable by five or more instalments, and "credit‐ sale agreement" shall be construed accordingly;

Credit sale means a transaction in which the purchase of a product is financed by the seller or manufacturer of the product or by an associate of the seller or manufacturer; (vente à crédit)

Credit sale means a sale of goods, services, or an