Definition of carryback note in US English:
carryback note
nounˈkerēbak ˌnōtˈkerēbak ˌnōt
Finance A negotiable promissory note representing the value of real estate when the seller has provided the financing.
Example sentencesExamples
- 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.
- Simply refer your clients who hold carryback notes to us - we'll pay you every time one of your referrals sells us a note.
- We are actively seeking to purchase seller carryback notes secured by residential and small commercial properties nationwide.
- We also broker the sale of seller carryback notes from the sale of a business.