Art. 118. Property bought on installments paid partly from exclusive funds of either or both spouses and partly from conjugal funds belongs to the buyer or buyers if full ownership was vested before the marriage and to the conjugal partnership if such ownership was vested during the marriage. In either case, any amount advanced by the partnership or by either or both spouses shall be reimbursed by the owner or owners upon liquidation of the partnership. (n)

This provision contemplates the situation where a property is bought on an installment basis, and is paid partly prior to and ended during the marriage.

In this situation, the ownership of the said property is determined by the time when the title is vested.
- Before the marriage, the ownership is vested to those exempted from the conjugal partnership under paragraph 1 of Article 109 as the property is brought to the marriage by the spouses.
- After the marriage (ceremony), it is part of the Community Partnership Gains (CPG), in which the buy-spouse who contracted the purchase is entitled to be reimbursed by the partnership.

Also, this provision contemplates a reimbursement upon liquidation of the partnership. Liquidation of the partnership is the process of closing the partnership and distributing its assets. The reason for this necessity is that there can be no absolute sharing until after liquidation.