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Webster's New World Finance and Investment Dictionary » seller financing
seller financing
seller financing definition - finance
Financing
that is extended by a seller to a buyer in order to complete the sales
transaction. In real estate seller financing, the seller likely would keep a
lien, or legal right, to the property in the event that the buyer discontinues
payments. Seller financing also is provided by large corporations such as
telecom equipment companies or computer companies, which extend credit to their
customers in order to boost sales.
Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.
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