Def: Vendor - A person who transfers property by sale; another word for "Seller."
Def: Lien - A charge against property making it security for the payment of a debt, judgment, mortgage or taxes.
A lien is a type of'
encumbrance.
A specified lien is against certain property only. General lien is against all of the property owned by the debtor.
Def: Deed - A written document that conveys or transfers title from one party to another. These are various types of deeds; however the two most commonly used are warranty and quit claim.