Retail – in terms of the Commercial Law, this word refers to the sale of small goods per quantity. Usually small local stores do retail trading, offering goods and services directly to buyers, and trading via retail sale contract. It is a standard contract for sale, where the price can be paid in one go straight away, or installments. For example if you need new kitchen equipment, usually you sign a retail sale installment contract with the furniture shop, where you pay a deposit and you wait for them to deliver and fit the furniture. Synonyms are “distribute” and “peddie”.

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