bond for deed

Definition of "bond for deed"
  1. It's a type of agreement where the ownership of a property passes from the seller to the buyer after the full payment of the agreed purchase price
How to use "bond for deed" in a sentence
  1. The inexpensive property was purchased through a bond for deed arrangement, and the new owner received the keys after making the final payment.
  2. Due to financial circumstances, they decided to use a bond for deed to facilitate the property transaction.
  3. In cases where the buyer doesn't have enough funds upfront, a bond for deed can be a practical option.

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