“i) under a secured credit contract, the person who disposes of the goods under the agreement and, when that person`s rights are transferred by transfer or application of the right, the person who is entitled to these rights at this time: “Net balance is the amount to be paid at this time under the lease-sale , which allows the purchaser to acquire ownership of the goods, taking into account the discounts authorized by the agreement for early conclusion. “a) pursuant to a clause allowing the debtor to return the goods and terminate the contract; or when a buyer finances a purchase with a temperable contract, he takes care of the debts at the time. For example, few homebuyers can afford to buy a home with a single payment. As a result, the house`s costs are depreciated with monthly payments of 15 or 30 years of payment schedules. “a) the balance of the outstanding advance, as well as all interest and expenses payable under the agreement; and.” “ii) a creditor, within the meaning of the Credit Contracts and Consumer Finance Act 2003, who lent money for the security of goods delivered to a consumer, whether all or part of the price of the commodity is to be paid on the proceeds of the loan and if the loan was arranged by a person who was in the process of trading “The lease-sale contract has the same meaning as in SECTION OB 1 of the 1994 Income Tax Act; contains, however, an agreement that would be a lease-sale agreement, but for the exclusion referred to in point (b) iii) of the definition of that term in this section.” “ii) an agreement other than that of retail; refrain from the term “credit amount” and replace the term “advance” from point (a) of the definition of the bond in paragraph 1 of section 2. “d) with respect to a guarantee contract guaranteeing the debtor`s obligations as guarantor in the context of a guarantee, the amount of the debtor`s liability under that guarantee.” Rate sales and credit sales are quite similar. Each is a form of credit that is an opportunity to deliver the goods and pay for the goods at a later date. However, there are two important differences between rate and credit sales: repayment and guarantee time.