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Legal Dictionary of Pakistan

Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.

For example, a wholesaler or distributor usu. receives a greater discount than a retailer. quantity discount

See volume discount.

Retail

n. The sale of goods or commodities to ultimate consumers, as opposed to the sale for further distribution or processing. - retail, vb. - retail, adj. Cf. WHOLESALE.

Retailer

n. A person or entity engaged in the business of selling personal property to the public or to consumers, as opposed to selling to those who intend to resell the items. retail installment contract See CONTRACT.

retail installment contract

A contract for the sale of goods under which the buyer makes periodic payments and the seller retains title to or a security interest in the goods. - Also termed retail installment contract and security agreement; conditional sales contract. Cf. chattel mortgage under MORTGAGE.

retail installment contract and security agreement

See retail installment contract under CONTRACT.

retail installment sale

See INSTALLMENT SALE.

retail sales tax

See sales tax under TAX.

suggested retail price

The sales price recommended to a retailer by a manufacturer of the product.