Definition of carryback note in English:

Share this entry

carryback note

Pronunciation: /ˈkerēbak ˌnōt/

Entry from US English dictionary


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.
Share this entry

What do you find interesting about this word or phrase?

Comments that don't adhere to our Community Guidelines may be moderated or removed.