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English to Serbian translations [PRO]
Law/Patents - Finance (general) | | English term or phrase: purchase money indebtedness | Liens in connection with purchase money indebtedness and capital leases otherwise permitted pursuant to this Agreement, provided that such Liens attach only to the assets purchased with the proceeds of such purchase money indebtedness or which are the subject of such capital leases, as the case may be;
Investopedia: (purchase money mortgage)
A mortgage issued to the borrower by the seller of the home as part of the purchase transaction. This is usually done in situations where the buyer cannot qualify for a mortgage through traditional lending channels. This is also known as seller or owner financing |
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