vendor's lien
- A claim on a property, typically real estate, that ensures the buyer will pay the full purchase amount
- The vendor's lien was placed on the property to assure the full payment of the purchase money.
- Failure to pay the agreed amount in full may result in the enforcement of a vendor's lien against the property.
- Until complete payment of the purchase price, vendor's lien may remain in effect on the property.
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