purchase money mortgage
purchase money mortgage 价款抵押 买受人在取得所购财物时，为担保全部或部分价款的支付而向出卖人设定的抵押或担保。 (→mortgage; purchase money security interest)
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purchase-money mortgage
purchase money mortgage
A mortgage that a buyer gives the seller, when the property is conveyed, to secure the unpaid balance of the purchase price. — Abbr. PMM. See SECURITY AGREEMENT. [Cases: Mortgages 1, 115. C.J.S. Mortgages §§ 2–6, 151.]
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