Seller's right to reclaim property sold to a buyer if the purchaser falls behind in payments, for example, a seller's lien on real estate sold through a Purchase Money Mortgage. Seller's liens are a carryover from common law and are relatively uncommon in the United States. See also Mechanic's Lien.
Vendor's Lien
| Banking Dictionary: Vendor's Lien |
| 5min Related Video: Vendor's Lien |
| Law Dictionary: Vendor's Lien |
The right to enforce payment of the purchase price by suit against the vendee's equitable estate. 133 So. 547, 548.
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 | Equitable remedy |
| Lien |
| Brogden v Metropolitan Railway Company |
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 | Banking Dictionary. Dictionary of Banking Terms. Copyright © 2006 by Barron's Educational Series, Inc. All rights reserved. Read more |
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| Law Dictionary. Law Dictionary. Copyright © 2003 by Barron's Educational Series, Inc. All rights reserved. Read more |
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