purchase money
purchase money. The initial payment made on property secured by a mortgage. [Cases: Mortgages 115. C.J.S. Mortgages § 151.]
PURCHASE MONEY
purchase money
purchase money (1)买卖价款；购货款 (2)首付款 在购买财物时首次支付的部分价款，余额可在提供担保的情况下分期支付。 (3)(购买土地的)对价 包括金钱、实物或劳务。 (→earnest money)