What is the definition of Buy-back allowance? | Dictionary.net

BUY-BACK ALLOWANCE

\bˈa͡ɪbˈak ɐlˈa͡ʊəns], \bˈa‍ɪbˈak ɐlˈa‍ʊəns], \b_ˈaɪ_b_ˈa_k ɐ_l_ˈaʊ_ə_n_s]\

Definitions of BUY-BACK ALLOWANCE

1910 - Black's Law Dictionary (2nd edition)

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An agreed sum offered by the seller if the buyer returns (resells) the PRODUCT to him. The buy-back allowance may only be forthcoming against a replacement purchase, and so can be used to encourage buyer loyalty.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

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