Purchase Money Mortgage definitions

Purchase-money mortgage

A mortgage given by a buyer in lieu of cash when the buyer is unable to borrow commercially for the purchase of property.
Found on http://www.duke.edu/~charvey/Classes/wpg/bfglosp.htm

---

Purchase-Money Mortgage

A mortgage given by a buyer in lieu of cash when the buyer is unable to borrow commercially for the
Found on http://www.encyclo.co.uk/local/22402

---

Purchase Money Mortgage

A Mortgage given by the buyer to the seller as part of the purchase consideration, as opposed to a hard money mortgage.
Found on https://www.encyclo.co.uk/local/21390

---