Vendor's lien


Also found in: Financial.

Vend´or's lien


1.(Law) 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.
Webster's Revised Unabridged Dictionary, published 1913 by G. & C. Merriam Co.
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of a homestead give rise to a vendor's lien which is excepted from
or vendor's lien thereon, independent of possession, for so much of
obligation of the buyer." (126) In theory, the vendor's lien
reason that preexisting liens do--the vendor's lien precedes the
are in accord: a vendor's lien is superior to the homestead
creditor is, in fact, the vendor's lien claimant who is always
(261) An exception was added for a vendor's lien. (262) No longer
The debt was not filed of record at the Pulaski County Courthouse until this year, with the Pattersons' effort to gain more favorable standing with their "vendor's lien" claim.
In an answer filed in the case, Overton admitted owing the money but denied the Pattersons had a vendor's lien on his property.