Purchase - Law Dictionary Search Results
buyer in ordinary course of business
buyer in ordinary course of business :a bona fide purchaser who in a normal or regular business procedure buys goods from a seller in the business of selling
binder
money paid to the owner of real estate or to the owner's agent to secure the right to purchase the real estate upon agreed terms ;also : the money itself
bargain
something acquired by or as if by bargaining b : something whose value considerably exceeds its cost [a purchase] vi 1 a : to negotiate over the terms of an agreement (as a contract) b : to
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back to back escrow
back to back escrow arrangements that an owner makes to oversee the sale of one property and the purchase of another at the same time. Source: U.S. Department of Housing and Urban Development
as-is condition
as-is condition the purchase or sale of a property in its existing condition without repairs. Source: U.S. Department of Housing and Urban
down payment
down payment the portion of a home's purchase price that is paid in cash and is not part of the mortgage loan. This amount varies based
easement
to enforce restrictions that were part of the general development scheme against the developer and subsequent buyers who purchase free of the restrictions
luxury tax
luxury tax : an excise levied on the purchase of items that are not essential for support or maintenance
inflation
inflation the number of dollars in circulation exceeds the amount of goods and services available for purchase; inflation results in a decrease in the dollar's value. Source: U.S. Department of Housing and Urban Development
lien
sale at sale vendor's lien : a lien on esp. real property securing payment in full of the purchase price by the buyer voluntary lien : a lien created (as by contract) with the consent of the
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