resale proceeds

resale proceeds

Upon the sale of real property,the money remaining after payment of expenses of the sale,any mortgage debt on the property,and sometimes after payment of income taxes.The term is imprecise and is usually defined in context. Under some programs administered by the Department of Housing and Urban Development,property owners who received assistance for their home purchase must reimburse HUD for some of the resale proceeds.

Mentioned in ?
References in periodicals archive ?
Is it an elitist milieu that should redistribute a small portion of resale proceeds from wealthy collectors back to starving artists?
Bilfinger is thus entitled to 49 percent of the resale proceeds from EQT and will participate in a proportionate amount in the development of the sold business.
Traders who wish to contribute their resale proceeds to Idea Greenhouse can help support its programming and community-building projects.
As shown in Table 3, before-tax resale proceeds are $200.
The resulting after-tax cash flow and after-tax resale proceeds are the same as before the 1993 tax change.