Backup Offer

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Definition: Backup Offer

Backup Offer
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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.
April 20, 2024 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: April 20, 2024).
American Psychological Association (APA):
Backup Offer. PayrollHeaven.com. Retrieved April 20, 2024
, 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.