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Simple English definitions for legal terms

consumer-credit sale

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A quick definition of consumer-credit sale:

A consumer-credit sale is when someone buys something but doesn't pay for it all at once. Instead, the seller lets the buyer pay over time, like with a loan. This type of sale can also include renting something where the rent payments add up to the item's full price.

A more thorough explanation:

Definition: A consumer-credit sale is a type of sale where the seller extends credit to the consumer. It includes a lease where the rental payments equal or exceed the retail value of the item rented.

Examples: If you buy a car and the dealership allows you to make payments over time, that is a consumer-credit sale. If you rent a TV and the rental payments add up to more than the retail value of the TV, that is also a consumer-credit sale.

Explanation: In a consumer-credit sale, the seller is essentially loaning the consumer the money to make the purchase. The consumer agrees to make payments over time, usually with interest, until the full amount is paid off. This type of sale is common for big-ticket items like cars, furniture, and appliances.

Consumer Credit Protection Act | consumer-credit transaction

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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