Backup Offer

Business, Legal & Accounting Glossary

Definition: Backup Offer


Backup Offer


Full Definition of Backup Offer


An offer to buy or lease real estate that becomes effective if a prior contract falls through. For example, a buyer may make a backup offer on a property already under contract to another party in the hopes that the other party will be unable to purchase the property.


Cite Term


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/backup-offer/
Modern Language Association (MLA):
Backup Offer. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
December 02, 2021 https://payrollheaven.com/define/backup-offer/.
Chicago Manual of Style (CMS):
Backup Offer. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/backup-offer/ (accessed: December 02, 2021).
American Psychological Association (APA):
Backup Offer. PayrollHeaven.com. Retrieved December 02, 2021
, from PayrollHeaven.com website: https://payrollheaven.com/define/backup-offer/

Definition Sources


Definitions for Backup Offer are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.