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  3. Law: Contract(s)

purchase money note

Polish translation: weksel na kwotę nabycia

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:purchase money note
Polish translation:weksel na kwotę nabycia
Entered by: Polangmar

11:09 Jan 2, 2011
English to Polish translations [PRO]
Bus/Financial - Law: Contract(s)
English term or phrase: purchase money note
Prawo amerykańskie
If X desire to offer a future purchaser of the Property seller financing, and P
agrees to same, P shall be included as a payee on any purchase money note and as
mortgagee on any mortgage or security agreement securing the purchase money note to the extent of his participation share as shall be determined according to the terms and conditions of this Agreement.
asicas
Local time: 14:53
weksel na kwotę nabycia
Explanation:
note = promissory note

When a seller wants to close a sale of real estate but the buyer is not yet in a position to fully fund the purchase, the parties can close the sale with the seller taking from the buyer a purchase money note and mortgage in lieu of an all-cash payment.
http://conservationtools.org/tools/general/show/25
Selected response from:

Polangmar
Poland
Local time: 14:53
Grading comment
dziękuję i pozdrawiam
4 KudoZ points were awarded for this answer



Summary of answers provided
4weksel na kwotę nabycia
Polangmar


  

Answers


10 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
weksel na kwotę nabycia


Explanation:
note = promissory note

When a seller wants to close a sale of real estate but the buyer is not yet in a position to fully fund the purchase, the parties can close the sale with the seller taking from the buyer a purchase money note and mortgage in lieu of an all-cash payment.
http://conservationtools.org/tools/general/show/25

Polangmar
Poland
Local time: 14:53
Specializes in field
Native speaker of: Native in PolishPolish
PRO pts in category: 2898
Grading comment
dziękuję i pozdrawiam
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