Definition: A seller's claim against property to secure unpaid purchase money. The term can describe an equitable lien recognized under applicable law, distinct from an expressly negotiated purchase money mortgage.
Example
A seller who has not received the agreed purchase money seeks a legally available lien remedy.
Keep the distinction clear
Do not assume a seller automatically keeps title or has first priority. Creation, waiver, enforceability, and priority depend on the transaction and governing law.
Related terms
Vendor · Purchase Money Mortgage (PMM) · Lien
Keep studying
DEEP C: The Bundle of Property Rights Explained
References: Cornell LII: lien
Pronunciation (US): VEN-derz LEEN (capitals show stress)
Pronunciation reference: Merriam-Webster
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