For the purposes of this Section, an instalment sale is every sale concluded for financing purposes, or forming part of a financial transaction, under which non-monetary property is exchanged for deferred monetary consideration paid in instalments. Ownership of the sold property passes to the purchaser upon conclusion of the contract. The seller may not retain ownership until all or some price instalments are paid; any agreement to the contrary is void.
Interpretation and application must be checked against the official text and current version.