A mortgage which the vendor or seller of the property takes back or carries for the buyer as part of the purchase price for that property.

Mortgage financing arranged between the seller of the property and the buyer. Often this type of loan is a second mortgage, which the seller is willing to arrange at below market rates to allow the buyer to purchase the house. Most of these arrangements are not renewable or transferable to the next owner of the house.

When the seller provides some or all of the mortgage financing in order to sell their property.

a traditional mortgage in which the seller or vendor becomes the mortgagee on the property just sold to the buyer or mortgagor (pages 61-2).

A vendor retains an interest, by way of a mortgage from the purchaser, for the balance of funds owing to the vendor upon closing.