contract for deed

contract for deed definition - business

contract for deed

An installment sale of real estate in which the buyer may utilize the property, but the seller retains title until the contract is paid in full. Also called installment land contract, land contract.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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