Resale proceeds financial definition of 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.
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?
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.