Definition of carryback note in English:

carryback note

noun

Finance
  • A negotiable promissory note representing the value of real estate when the seller has provided the financing.

    • ‘We also broker the sale of seller carryback notes from the sale of a business.’
    • ‘Simply refer your clients who hold carryback notes to us - we'll pay you every time one of your referrals sells us a note.’
    • ‘Next is the issue of the cash from the carryback note you will be receiving from your buyer.’
    • ‘One thing you need to remember when selling a carryback note is the value of the real discount.’
    • ‘We are actively seeking to purchase seller carryback notes secured by residential and small commercial properties nationwide.’

Pronunciation:

carryback note

/ˈkerēbak ˌnōt/