purchase money

1 of 2

noun

: the consideration paid or to be paid by the purchaser of property

purchase money

2 of 2

adjective

: involving or being a debt secured by the property purchased with the money borrowed see also purchase money mortgage at mortgage

Dictionary Entries Near purchase money

purchase

purchase money

purchase money mortgage

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Cite this Entry

“Purchase money.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/purchase%20money. Accessed 30 Nov. 2024.

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