A contract in which the seller agrees to defer all or part of the purchase price for a specified period of time. Found on http://www.encyclo.co.uk/local/20452
A contract used for seller financing where the seller will keep title to the property until the buyer pays off the loan. After the buyer pays off the entire loan, the seller signs a deed transferring title to the buyer. Found on http://www.nolo.com/dictionary/contract-for-deed-term.html