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carryback note

Syllabification: car·ry·back note
Pronunciation: /ˈkerēbak ˌnōt
 
/

Definition of carryback note in English:

noun

Finance
A negotiable promissory note representing the value of real estate when the seller has provided the financing.
Example sentences
  • One thing you need to remember when selling a carryback note is the value of the real discount.
  • Next is the issue of the cash from the carryback note you will be receiving from your buyer.
  • We are actively seeking to purchase seller carryback notes secured by residential and small commercial properties nationwide.

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