PURCHASE-MONEY. The consideration which is agreed to be paid by the purchaser of a thing in money. It is the duty of the purchaser to pay the purchase-money as agreed upon in making the contract, and, in case of conveyance of an estate before it is paid, the vendor is entitled according to the laws of, England, which have been adopted in several of the states, to a lien on the estate sold for the purchase-money so remaining unpaid. This is called an equitable lien. This doctrine is derived from the civil law. Dig. 18, 1, 19. The case of Chapman v. Tauner, 1 Vera. 267, decided in 1684, is the first where this doctrine was adopted. 7 S. & R. 73. It was strongly opposed, but is now firmly established in England, and in the United States. 6 Yerg. R. 50; 4 Bibb, R. 239 1 John. Ch. R. 308; 7 Wheat. R. 46, 50 5 Monr. R. 287; 1 liar. & John. 106; 4 Har. & John. 522; 1 Call. R. 414; 1 Dana, R. 576; 5 Munf. R. 342; Dev. Eq. R. 163 4 Hawks, R. 256; 5 Conn. 468; 2 J. J. Marsh, 330; 1 Bibb. R. 590.
     2. But the lien of the seller exists only between the parties and those having notice that the purchase-money has nut been paid. 3 J. J. Marsh. 557; 3 Gill & John. 425 6 Monr. R. 198.

A Law Dictionary, Adapted to the Constitution and Laws of the United States. By John Bouvier. Published 1856.
References in classic literature ?
As a matter of fact I suppose that Monty is entitled to half the purchase-money you received for the Company.
I might have sold it again, the next day, for more than I gave: but, with regard to the purchase-money, I might have been very unfortunate indeed; for the stocks were at that time so low, that if I had not happened to have the necessary sum in my banker's hands, I must have sold out to very great loss."
Glenarm, and hurried her into paying the purchase-money for the correspondence with her own hand.
She had between two and three hundred pounds left of her own property, and I had nearly as much remaining from the purchase-money obtained by the sale of my drawing-master's practice before I left England.
But nothing could make life worth the purchase-money of pain to me, but some faculty that would lift me above the dead level of provincial existence.
Two men, one of whom died in England of the small-pox, a boy and a little girl, were originally taken; and we had now on board, York Minster, Jemmy Button (whose name expresses his purchase-money), and Fuegia Basket.
His name was entered at the Horse Guards as an applicant for an ensign's commission; the purchase-money was deposited at an agent's; and Richard, in his usual characteristic way, plunged into a violent course of military study and got up at five o'clock every morning to practise the broadsword exercise.
"Des Lupeaulx would cut off a leg to get elected in his place," continued Mitral; "but he must have the title-deeds of the property in his own name, and then mortgage them back to us for the amount of the purchase-money. Ah!
Purchase-money loans continued to account for the majority of volume in 2018.
Additionally, seller-provided purchase-money financing may be available to appropriate bidders.
Many credit unions seek to build up purchase-money loans as a hedge against the day when the numbers of refinance loans decline and because they often include significantly more cross-selling opportunities.
In addition, the refinance business will continue to fall off, leaving lenders competing fiercely for purchase-money mortgage leads.

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