Carryback Financing

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Definition: Carryback Financing

Carryback Financing
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Full Definition of Carryback Financing

A type of funding in which a seller agrees to hold back a note for a specified portion of the sales price. For example, a buyer with no down payment funds available may arrange for 80 percent financing from a primary lender, with the seller offering to loan him the other 20 percent as carryback financing. The carryback financing in this case is the junior or secondary lien.

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https://payrollheaven.com/define/carryback-financing/
Modern Language Association (MLA):
Carryback Financing. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
April 19, 2024 https://payrollheaven.com/define/carryback-financing/.
Chicago Manual of Style (CMS):
Carryback Financing. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/carryback-financing/ (accessed: April 19, 2024).
American Psychological Association (APA):
Carryback Financing. PayrollHeaven.com. Retrieved April 19, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/carryback-financing/

Definition Sources

Definitions for Carryback Financing 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.