Vendor's Lien

Vendor's Lien: Understanding Collateral in Property Sales
Vendor's lien refers to the collateral granted to the seller of property as security for a promissory note taken by the seller as part of the selling price. This entry explores the concept, types, and importance of vendor's liens in real estate transactions.

Finance Dictionary Pro

Our mission is to empower you with the tools and knowledge you need to make informed decisions, understand intricate financial concepts, and stay ahead in an ever-evolving market.