Buyback


Definition of "Buy-back"

Julia Hurley
Julia Hurley Keller Williams Realty Knoxville West

(1) Agreement to sell real estate with a pre-arranged reverse but at an established price. This may not be legal in some instances, and any resulting losses may not be tax deductible. (2) Arrangement to rescind specified policy limitations on the insured if further coverage is bought from the insurer.

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