sale on approval
A 'sale on approval' allows a buyer to evaluate goods before finalizing the purchase, ensuring satisfaction or requirements are met.
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Definition
C1Commerce
(business, retail)A transaction where goods are delivered to a buyer who can return them if they do not meet their expectations.
Example
- The company offered a sale on approval, allowing customers to return items within 30 days if not satisfied.
C1Law
(legal, contractual)A conditional sale where the buyer's acceptance of the goods is needed to finalize the purchase.
Example
- Under a sale on approval, the buyer has the right to return the goods after inspection if they do not meet the agreed standards.
Similar
Terms that have similar or relatively close meanings to "sale on approval":