sale or return
sale or return, defined:
a sale of goods that allows the buyer a period of time to return the merchandise. With sale or return agreements, ownership passes to a buyer, while providing a window of time for the return of the goods to a seller. Compare sale or return to a sale on approval in which ownership only changes on approval of the merchandise by the buyer. In businesses such as book retailers, sale or return agreements are a common arrangement, allowing the vendor to return unsold merchandise for a refund.
sale or return, as it might be used:
Under a sale or return contract title passes for the time being, but subject to the option of the purchaser to rescind and return the property within the time stipulated.
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Clear-Point Law Dictionary
