guaranteed sale contract

A contract between a real-estate agency and a property owner in which the agency agrees to buy the property at a guaranteed price after a specified length of time if it has not been sold under the listing agreement.

• The guaranteed price is usu. a substantial discount from the listed price.

— Also termed guaranteed-purchase contract.

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译者Carl，知名法学院保险学专业，擅长翻译各种与保险理赔追索相关的法律文件。