buy back agreement

buy back agreement definition - business

buy back agreement

A contractual obligation for the seller of an asset to repurchase the asset under specified circumstances from the new owner, generally at the original sales price. Buy-back agreements are most frequently applied to real estate transactions.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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