land contract

noun

1. a contract for the purchase and sale of land.
2. a contract in which a purchaser of real estate, upon making an initial payment, agrees to pay the seller stipulated amounts at specified intervals until the total purchase price is paid, the seller retaining legal title to the land as security for the payments.

Example Sentences

Shevelenko’s strategy is to land contracts with big retailers while continuing to partner with online commerce platforms, which would allow it to reach smaller, independent stores.

From TechCrunch

Shahsavar says her male counterparts are more likely than she is to land contracts because people think men are better at working on machines, like a roasting machine or an espresso machine.

From Ozy