Meaning PURCHASE-MONEY MORTGAGE: A mortgage given by a buyer in lieu of cash when the buyer is unable to borrow commercially for the purchase of property
More terms such as Purchase-money mortgage in Dictionary P.
- Definition Perquisites:
- Examples Personal benefits, including direct benefits, such as the use of a firm car or expense account for personal business, and indirect benefits, such as up-to-date office decoration purchase-money mortgage definition.
- Definition Policyholder Loan Bonds:
- Examples Packaged loans acquired by policyholders that are secured by the cash surrender value of the policies, and are offered by a broker/dealer as bonds purchase-money mortgage explain.
- Definition Parity Value:
- Examples Related: Conversion value purchase-money mortgage what is.
- Definition Point And Figure Chart:
- Examples that takes into account only whole integer changes in price, i.e., a 2-point change. Point and figure charting disregards the element of time and is used solely to record changes in price purchase-money mortgage meaning.
- Definition Pay-As-You-Go Basis:
- Examples A method of paying income tax in which the employer deducts a portion of an employee's monthly salary to remit to the IRS purchase-money mortgage abbreviation.
