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Purchase money mortgage |
: a mortgage that is given (as to a lender) to secure a loan for all or some of the purchase price of property
also
: a mortgage given to a seller of property to secure the unpaid balance of the purchase price
| Based on Merriam-Webster's Dictionary of Law ©2001. Merriam-Webster, Incorporated Published under license with Merriam-Webster, Incorporated. http://www.m-w.com |
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collateral negligence
negligence on the part of an independent contractor that is not connected with a manner of working or risk ordinarily associated with particular work and for which the employer of the contractor is not liable
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