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279(1) (except as specified in this definition) in accordance with article 60L of the Regulated Activities Order, an agreement for the sale of goods or land under which the purchase price or part of it is payable by instalments, and the property in the goods or land is to remain with the seller (notwithstanding that the buyer is to be in possession of the goods or land) until such conditions as to the payment of instalments or otherwise as may be specified in the agreement are fulfilled.
279(2) (in CREDS) has the meaning given in section 31(1) of the Credit Unions Act 1979.
