Definitions for "Vendor's lien"
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.
The equitable lien of the grantor on the land conveyed, in the amount of the unpaid purchase price. Unlike a mortgage, it is not an absolute interest in the property, but is only an equitable right to rely on in case all of the purchase money is not paid.
An unpaid seller's right to a lien on property until the purchase price is recovered.
Keywords:  venture, capital
Venture Capital