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Term of the Day
equitable conversion
equipment floater
equitable lien
Definition
A
legal
doctrine used in some states where, under a
contract
of
sale
,
buyers
and
sellers
are treated as though the
closing
had taken place in that the
seller
has an
obligation
to
take
care of the
property
.
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Popular 'Lending & Credit' Terms
equity
triple net lease
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