Conditional Conveyance Law and Legal Definition

Conditional conveyance is a conveyance in which the transfer of rights or property is contingent on the happening of an event, ordinarily the payment for the property. It may refer to a mortgage.

Conditional conveyance is a deed with a provision for a reconveyance or a defeasance of the estate on the performance of certain conditions. It is different from absolute conveyance, conveyance without any conditions.