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Land contract

   Also found in: Acronyms, Wikipedia 0.03 sec.
Land contract
A method of real estate financing; a mortgage-holding seller finances a buyer by taking a down payment and subsequent payments in installments, but holds the title until the mortgage is fully repaid.
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``I bought the property on a land contract -- nothing down and paying only the interest on the loan.
AFTER 60 YEARS, VALLEY HARDWARE STORE HANGS UP ITS TOOLS by Daily News (Los Angeles, CA)
During fiscal 2003-2007, FSA will offer land contract guarantees to growers with fewer than 10 years' experience in Iowa, Indiana, North Dakota, Pennsylvania, Wisconsin and Oregon.
Give kids a chance by Taylor, Marcia / Top Producer
Even so, it's not a guarantee that you'll land contracts.
Looking to uncle Sam: increased government spending means lucrative ... by McKanic, Arlene / Black Enterprise
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