TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

installment sales contract [1 record]

Record 1 1987-01-01

English

Subject field(s)
  • Law of Contracts (common law)
  • Sales (Marketing)
CONT

[Sales finance and consumer loan companies] make direct cash loans to consumers who usually repay principal and interest in installments. They also purchase, at a discount, installment sales contracts from retailers and dealers when such items as new automobiles, appliances or home improvements are bought on installment plans.

French

Domaine(s)
  • Droit des contrats (common law)
  • Vente
CONT

Les sociétés de financement et les sociétés de prêts à la consommation consentent des prêts directs en espèces à leurs clients qui remboursent normalement le capital et l'intérêt par versements échelonnés. Elles achètent également, à escompte, des contrats de vente à tempérament aux détaillants et aux concessionnaires lorsque de nouvelles automobiles, de nouveaux appareils ménagers ou des articles pour la rénovation des maisons sont achetés à tempérament.

Spanish

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