trade-in
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Related to trade-in: trade-in value
trade-in
an allowance made by a supplier to a customer against the price of a good when the customer simultaneously trades in an older version of the good. As such, trade-ins are a form of price DISCOUNT offered to customers to induce them to buy.Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson
trade-in
The practice of a developer purchasing a buyer's existing home in order to facilitate purchase of one in the developer's new subdivision. Industry groups have asked the Department of Housing and Urban Development (HUD) for exemption of the practice from the FHA antiflipping regulations that deny FHA insurance if a house is purchased and then resold within 90 days,but HUD has been resistant to the idea.
The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.