vendor's lien

vendor's lien
The implied lien of a vendor of real estate, who has conveyed the legal title, as security for the unpaid purchase money. 55 Am J1st V & P § 462. The express lien of a vendor of real estate under a provision of the contract that he is to retain title until the purchase money is paid, the vendee being put in possession of the premises. 55 Am J1st V & P § 447. The lien which the vendor of goods has at common law for the whole or the unpaid portion of the purchase price of the goods, where he has parted with title but not with possession, being in the nature of a pledge for the security of the vendor in reference to the unpaid purchase money in the event of the insolvency of the buyer. 46 Am J1st Sales §518.

Ballentine's law dictionary. . 1998.

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Look at other dictionaries:

  • Vendor's lien — Vend or s lien (Law) An implied lien (that is, one not created by mortgage or other express agreement) given in equity to a vendor of lands for the unpaid purchase money. [Webster 1913 Suppl.] …   The Collaborative International Dictionary of English

  • vendor's lien — see lien Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • vendor's lien — A creature of equity, being a lien impliedly belonging to a vendor for the unpaid purchase price of land, where he has not taken any other lien or security beyond the personal obligation of the purchaser. An equitable security which arises from… …   Black's law dictionary

  • vendor's lien — noun : an implied lien given in equity to a vendor of lands for unpaid purchase money as against the vendee and volunteers under him …   Useful english dictionary

  • vendor — ven·dor / ven dər, ven dȯr/ also vend·er / ven dər/ n: one that sells something Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. vendor …   Law dictionary

  • lien — / lēn/ n [Anglo French, bond, obligation, literally, tie, band, from Old French, from Latin ligamen, from ligare to bind]: a charge or encumbrance upon property for the satisfaction of a debt or other duty that is created by agreement of the… …   Law dictionary

  • Lien — For other uses, see Lien (disambiguation). Property law …   Wikipedia

  • lien — /liy(a)n/ A claim, encumbrance, or charge on property for payment of some debt, obligation or duty. Sullins v. Sullins, 65 Wash.2d 283, 396 P.2d 886, 888. Qualified right of property which a creditor has in or over specific property of his debtor …   Black's law dictionary

  • lien — /liy(a)n/ A claim, encumbrance, or charge on property for payment of some debt, obligation or duty. Sullins v. Sullins, 65 Wash.2d 283, 396 P.2d 886, 888. Qualified right of property which a creditor has in or over specific property of his debtor …   Black's law dictionary

  • vendor's express lien — See vendor s lien …   Ballentine's law dictionary

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