1512 LAWS OF MARYLAND. [CH. 851

134. Definitions. In this subtitle, unless the context other-
wise requires, the following words and terms shall have the
following meanings:

(a) "Goods" means all chattels personal having a cash price
of two thousand dollars ($2, 000) or less but not includ-
ing money or things in action.

(b) "Instalment sale agreement" means any contract for
the retail sale of goods, negotiated or entered into in this State,
under which (1) part or all of the price is payable in one or
more payments subsequent to the making of such contract,
and (2) the seller has retained a security interest in the goods
sold or has taken collateral security for the buyer's obligation;
and shall include any conditional sale contract, any purchase-
money chattel mortgage, and any contract for the bailment or
leasing of goods under which the bailee or lessee contracts to
pay as compensation a sum substantially equivalent to or in
excess of the value of the goods; but the term does not include
a bona fide C. O. D. transaction.

(c) "Instalment agreement" includes any instalment sale
agreement, any instalment sale agreement which is renewed
or extended or as to which a refund agreement is made and
any such renewal, extension or refund agreement.

(d) "Retail sale" means the sale of goods for use or con-
sumption by the buyer or for the benefit or satisfaction which
the buyer may derive from the use or consumption of the
goods by another, but not for resale by the buyer.

(e) "Person" includes any individual, partnership, corpora-
tion, association, trust, joint stock company, and any other
group of individuals however organized.

(f) "Buyer" means the person who buys or hires the goods
subject to any instalment sale agreement, or any legal suc-
cessor in interest to such person, and shall continue to desig-
nate such person notwithstanding he may have entered into
one or more renewal, extension or refund agreements.

(g>) "Instalment seller" or "seller" means a person who sells
or agrees to sell goods under an instalment sale agreement.

(h) "Sales finance company" means a person engaged in
the business of acquiring, investing in, or lending money or
credit on the security of instalment sale agreements made
between other parties, or any interest therein, whether by
purchase, discount, pledge, loan, or otherwise.

(i) "Holder" means any person entitled to enforce an in-
stalment agreement against the buyer.

(j) "Cash price" means the minimum price for which the
goods subject to the instalment sale agreement or other goods
of like kind and quality may be purchased for cash from the
seller by the buyer.