Last Updated
:2025/11/29
vendor's lien
Noun
Japanese Meaning
不動産の売買において、購入代金の未払いがあった場合、売主に公平の原則に基づいて認められる暗黙の担保権(留保権)のこと。
( plural )
( plural )
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(law) An implied lien (that is, one not created by mortgage or other express agreement) given in equity to a vendor of lands for the unpaid purchase money.
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vendor's lien
After the buyer stopped paying, the court upheld the vendor's lien so the seller could claim the unpaid purchase money from the property's sale proceeds.
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After the buyer stopped paying, the court upheld the vendor's lien so the seller could claim the unpaid purchase money from the property's sale proceeds.
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