Backup Contract
Definition of "Backup contract"
Secondary written agreement to purchase real property in the event the initial contract is not signed.
Popular Real Estate Terms
Examining and testing the ground to determine the conditions for building something, such as an office building. ...
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Apartment building in which each resident owns a percentage share of the corporation that owns the building. ...
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Federal agency providing home financing to qualified people in low-income, rural areas. ...
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Comments for Backup Contract
Back-up Withholding meaning
Nov 19, 2018 17:39:11Hello Dave
Nov 29, 2018 17:18:11We suggest you read the Backup Withholding glossary term for a detailed look. But, basically, it is tax levied by the IRS on your investments outcomes the moment you withdraw that money.
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