The conditional bill of sale maybe explained by instances by a loan where a creditor gets the title of some personal property belonging to the debtor or some title to the goods owned by the debtor as security for a loan, but the goods remain in the possession of the debtor physically.
Only the title or the ownership is kept by the creditor in the conditional bill of sale. This can be real estate or a car, where the documentation is handed over as collateral for the loan, but the debtor remains living in the house or using the car.
The conditional bill of sale
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