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tie-in contract |
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tie-in contract A contract in which a vendor conditions the sale of a desirable product on the purchaser's willingness to also buy a less desirable product.The products are said to be tied to each other.The definition includes lenders,who might express a willingness to loan money for a development project at very attractive interest rates and terms, but only if the developer will purchase a piece of foreclosed real estate in the lender's inventory.The slang expression for this practice is called trash for cash.It is illegal under banking regulations and under the Sherman Antitrust Act. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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