Exam term

Installment land contract

A seller-financed sale in which the buyer pays over time, usually with possession and equitable title, while the seller keeps legal title until the agreed performance is completed. Also called a contract for deed.

Lessons that use this term

Types of loans: fixed, adjustable, junior, seller-carried, and all-inclusive California
The sales contract, binders, purchase offers, installment contracts, and options New York
Option contracts and installment sales contracts Texas