Entry from US English dictionary
Definition of carryback note in English:
A negotiable promissory note representing the value of real estate when the seller has provided the financing.
- 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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