What is the meaning of carry-back?

Financing where the seller takes back a note for part of the purchase price secured by a junior mortgage, wraparound mortgage or contract for deed. (See wraparound, junior mortgage).

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APABarry Goldsmith. (2010). carry-back. Retrieved September 24, 2026, from http://smartdefine.org/carry-back/definitions/1149470
ChicagoBarry Goldsmith. 2010. "carry-back" http://smartdefine.org/carry-back/definitions/1149470 (accessed September 24, 2026).
HarvardBarry Goldsmith 2010, carry-back, Smart Define, viewed 24 September, 2026, <http://smartdefine.org/carry-back/definitions/1149470>.
MLABarry Goldsmith. "carry-back" 21 October 2010. Web. 24 September 2026. <http://smartdefine.org/carry-back/definitions/1149470>