Ask Question
BusinessBusiness
10 August, 17:58

An arrangement in which the seller carries back a note executed by the buyer to evidence a debt owed for the purchase of the seller property is referred to as

+4
Answers (1)
  1. 10 August, 18:57
    0
    self financing

    Explanation:

    self-financing is an arrangement of taking care of mortgage by the seller instead of by finance institution. In this arrangement mutual understanding is set up between the buyer and seller on mortgage. some amount of money is set aside as down payment by the buyer to the purchaser and the desired installment has made for further deposition of loan.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “An arrangement in which the seller carries back a note executed by the buyer to evidence a debt owed for the purchase of the seller ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
If the federal reserve sells securities on the open market, how are the purchases of u. s. financial assets by foreigners and the international value of the dollar impacted?
Answers (1)
Henrietta Morales is a salaried employee earning $76,800 per year. Required: What is Henrietta's period pay for each of the following pay frequencies? (Round your answers to 2 decimal places.)
Answers (1)
Most organizations in the United States are A. multicultural organizations B. plural organizations C. monolithic organizations D. both A and B E. both B and C
Answers (2)
1. An advantage of credit unions over banks is that credit unions O offer only short-term loans Oare not regulated like banks are more numerous than banks offer better interest rates than banks Usa
Answers (2)
On September 1, 2021, Middleton Corp. lends cash and accepts a $10,000 note receivable that offers 18% interest and is due in six months. How much interest revenue will Middleton Corp. report during 2022? (Do not round intermediate calculations.
Answers (1)
New Questions in Business
All of the following are true about unethical consumer behavior except which? Multiple Choice a. consumer believes "everybody does it" b. consumer misbehavior is habitual c. is rarely driven by economic need d. consumer thinks it is worth it doing
Answers (1)
When auto manufacturer BMW purchased the RollsminusRoyce brand name, BMW had to hire and train a new staff of assembly workers. The new workers were paid $ 23.00 per hour, worked a total of 7 comma 000 hours, and produced 1 comma 600 cars.
Answers (1)
In the month of June, a department had 12,000 units in beginning work in process thatwere 70% complete. During June, 48,000 units were transferred into production fromanother department.
Answers (1)
Bell Company purchased supplies for $700 cash. Which of the following statements correctly shows the effect of this transaction on the accounting equation?
Answers (1)
If an organizational manual exists, a description of the division of work and the position shown on the organization chart will be given in the manual or will be located on the company's intranet. A) True B) False
Answers (1)
Home » Business » An arrangement in which the seller carries back a note executed by the buyer to evidence a debt owed for the purchase of the seller property is referred to as
Sign Up Forgot Password?