Legal Definition of purchase money
(Entry 1 of 2)
: the consideration paid or to be paid by the purchaser of property
purchase money
adjectiveLegal Definition of purchase money (Entry 2 of 2)
: involving or being a debt secured by the property purchased with the money borrowed — see also purchase money mortgage at mortgage
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“Purchase money.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/purchase%20money. Accessed 26 Jan. 2022.
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