The agreement between the buyer and seller is referred to in legal terms as a conditionalsalescontract. Quite often a down payment is required.
卖方与买方之间的这一协议,从法律的角度就是一种有条件合同,往往需先支付一笔定金。
2
Since the conditionalsalescontract is a security agreement relating to specific equipment, the conditionalsalescontract is now the type of collateral called chattel paper.