Examlex
Defense,construction,and management consulting are usually set up as:
Agreement For Sale
An agreement where title will be transferred at some time in the future, typically once the property is fully paid for; an agreement that grants possession of property to the purchaser pending full payment of the price.
Retake Possession
The act of reclaiming ownership or control of property, typically by a seller or lender from whom the property was bought on credit or leased.
Pay Installments
To make payments for a good or service over a period of time in portions, rather than paying the full amount upfront.
Severance
An owner’s removal of chattel that he has affixed; separation or division of joint ownership; action by one of the co-owners that is inconsistent with joint tenancy.
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