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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
Vendor's Lien Law and Legal Definition. A vendor's lien is the right of a seller to repossess the property sold until the buyer makes all payments for the full purchase price. The property is the collateral given as security to the seller for the purchase price. It is sometimes used in connection with a purchase money mortgage on real estate.