Instalment Sale definition

Instalment Sale means a transaction in terms of which -
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Instalment Sale means an instalment credit which is made, as principal, agent or broker, by any seller of any consumers’ durable or semi-durable good listed in section 13(a) (hereinafter called a “listed article”) and which arises out of a sale of such listed article. (/) “Charge Sale” means an extension of credit (other than instal­ ment credit) which is made, as principal, agent or broker, by any seller and which arises out of a sale of any article, whether listed or
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Instalment Sale means a realisation of an asset by way of sale under which any payment to be made to the seller in respect of the realisation is to be made more than one year after the realisation;
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Examples of Instalment Sale in a sentence

  • Financial Rent (Consumer), Instalment Sale, Financial Lease, Full Maintenance Lease and Operating Rental.

  • Instalment Sale, Financial Lease, Fleet Management System, Full Maintenance Lease, Operating Rental.

  • The Group entered into Instalment Sale Agreements to acquire mobile mining equipment and other equipment.

  • Borrowers cannot exceed 1.08% of the Instalment Sale Agreement Portfolio.

  • Borrowers cannot exceed 0.84% of the Instalment Sale Agreement Portfolio.

  • CHAPTER FOUR Consumer Contracts PART ONE Instalment Sales Instalment Sale Contracts ARTICLE 17- (1) An instalment sale contract is a contract where the seller or the supplier assumes the delivery of the good or performance of the service and the consumer pays the price in instalments.

  • Description of the underlying assets Instalment Sale Agreements 46.

  • Borrowers cannot exceed 0.58% of the Instalment Sale Agreement Portfolio.

  • Definition of Revenue and Expense; Measurement of Revenue and Expense; Identification of the Transaction; Sale of Goods; Rendering of Services; Interest; Royalties/Franchise and Dividends and Disclosures Requirements as per IAS 18; Basic Issues in Revenue and Expense Recognition for Construction Contract; Instalment Sale; Hire Purchase; Consignment.

  • The Instalment Sale Receivable (ISR), which is in the Bank’s books, resulted from the workout more than a decade ago of a credit facility granted by the Bank and is a performing asset with appropriate security package in place.


More Definitions of Instalment Sale

Instalment Sale means a sale agreement that is a “contract” as defined in the Alienation of Land Act, 1981 (Act No. 68 of 1981)
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Instalment Sale means a sale where the Buyer pays DMG MORI in instalments pursuant to the Payment Terms. Law includes any requirement of any statue, legislation, rule, regulation, proclamation, order in council, ordinance or by-law of Australia, whether Commonwealth, State, Territorial or local. Machine means the machine specified in the Sales Confirmation.
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Instalment Sale means an agreement for the sale of a housing unit on instalments as contemplated in Chapter 11 of the Alienation of Land Act, 1981 which shall be inextricably linked to a share in the primary co-operative and the members contribution and which shall be substantially in the form of Schedule 2;
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Instalment Sale means an instalment credit in a prin­ cipal amount o f $5,000 or le s s a which is made as principal, agent, or broker, by any seller o f any article listed in the Supple­ ment to this regulation (herein called a “ listed article” ) and which arises out o f a sale o f such listed article. For this pur­ pose, “ sale” includes a lease, bailment, or other arrangement fo r the use of property, or any other transaction, which is similar in purpose or effect to a sale.
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Instalment Sale means an instalment credit in a prin­cipal amount of $2,000 or less which is made as principal, agent or broker, by any seller of any consumers’ durable good listed in the Supplement to this regulation (herein called a “ listed article” ) and which arises out of a sale of such listed article. For this purpose, “ sale” includes a lease, bailment, or other transaction which is similar in purpose or effect to a sale.
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Related to Instalment Sale

  • Instalment means with respect to each Mortgage Loan Agreement, each instalment due from the relevant Debtor thereunder and which consists of an Interest Instalment and a Principal Instalment.

  • Installment sale contract or "contract" means an agreement for the retail sale of a motor vehicle, or that has a similar purpose or effect, under which part or all of the price is payable in 2 or more scheduled payments subsequent to the making of the agreement or under which the obligor undertakes to make 2 or more scheduled payments or deposits that can be used to pay part or all of the purchase price, whether or not the seller has retained a security interest in the motor vehicle or has taken collateral security for the buyer's obligation, and any extension, deferment, renewal, or other revision of that agreement. The terms include a loan, mortgage, conditional sale contract, purchase-money chattel mortgage, hire-purchase agreement, or

  • Call Option Repayment Date means the settlement date for the Call Option determined by the Issuer pursuant to Clause 10.2 (Voluntary early redemption – Call Option), Clause 10.3(d) or a date agreed upon between the Bond Trustee and the Issuer in connection with such redemption of Bonds.

  • Installment seller or "seller" means a person engaged in the business of selling, offering for sale, hiring, or leasing motor vehicles under installment sale contracts or a legal successor in interest to that person. As used in this subdivision, "business" does not include an isolated sale.

  • Installment buyer or "buyer" means a person that buys, hires, or leases a motor vehicle for personal, family, or household use, and not for commercial, business, or agricultural use, under an installment sale contract or a legal successor in interest to that person.

  • Put Option Repayment Date means the settlement date for the Put Option pursuant to Clause 10.3 (Mandatory repurchase due to a Put Option Event).

  • Installment Amount means the sum of (A) (i) with respect to any Installment Date other than the Maturity Date, the lesser of (x) the quotient of (I) the Principal amount outstanding under this Note as of the initial Installment Date, divided by (II) the number of Installment Dates occurring hereunder (as determined as of the initial Installment Date assuming no Deferrals, Accelerations, redemptions or conversions hereunder prior to the Maturity Date) and (y) the Principal amount then outstanding under this Note as of such Installment Date, and (ii) with respect to the Installment Date that is the Maturity Date, the Principal amount then outstanding under this Note as of such Installment Date (in each case, as any such Installment Amount may be reduced pursuant to the terms of this Note, whether upon conversion, redemption or Deferral), (B) any Deferral Amount deferred pursuant to Section 8(d) and included in such Installment Amount in accordance therewith, (C) any Acceleration Amount accelerated pursuant to Section 8(e) and included in such Installment Amount in accordance therewith and (D) in each case of clauses (A) through (C) above, the sum of any accrued and unpaid Interest and Make-Whole Amount with respect thereto as of such Installment Date under this Note, if any, and accrued and unpaid Late Charges, if any, under this Note as of such Installment Date. In the event the Holder shall sell or otherwise transfer any portion of this Note, the transferee shall be allocated a pro rata portion of the each unpaid Installment Amount hereunder.

  • Discounted Prepayment Effective Date means in the case of a Borrower Offer of Specified Discount Prepayment, Borrower Solicitation of Discount Range Prepayment Offer or Borrower Solicitation of Discounted Prepayment Offer, five (5) Business Days following the Specified Discount Prepayment Response Date, the Discount Range Prepayment Response Date or the Solicited Discounted Prepayment Response Date, as applicable, in accordance with Section 2.05(a)(v)(B)(1), Section 2.05(a)(v)(C)(1) or Section 2.05(a)(v)(D)(1), respectively, unless a shorter period is agreed to between the Borrower and the Auction Agent.

  • Retail installment transaction means retail installment transaction as defined in section 2 of the retail installment sales act, Act No. 224 of the Public Acts of 1966, being section 445.852 of the Michigan Compiled Laws.

  • Installment Date as defined in Section 2.12.

  • Installment Due Date means, for any monthly installment of interest-only or principal and interest, the date on which such monthly installment is due and payable pursuant to Section 3 of this Note.