Purchase money

The consideration in money paid or agreed to be paid by the buyer to the seller of property, particularly of land. Purcbase money means money stipulated to be paid by a purchaser to his vendor, and does not include money the purchaser may have borrowed to complete his purchase. Purchase money, as between vendor and vendee only, is contemplated ; as between purchaser and lender, the money is "borrowed money."

Heuisler v. Nick-um, 38 Md. 270. But see Houlehan v. Rassler, 73 Wis. 557, 41 N. W. 720.