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Definition of vendor: a person who sells something, especially a property Example: the solicitor acting on behalf of the vendor Dictionary Term of Day Articles Subjects Sign Up BusinessDictionary
The Vendor referred to in Vendor's lien is the 'Seller'. It's the sellers way of securing any unpaid debt of the buyer when the agreement is made to sell/purchase the property. Often seen when the new buyer is possibly taking over a payment or debt already owed on the property.