Top Definition
The one dollar added to the asking price of an item to ensure purchase when multiple buyers are interetsed in a non-auction sales environment. Most commonly encountered when purchasing a home and there are multiple offers expected. The first documented incident of a Nischbuck was on a 2012 real estate purchase in McKinney TX involving John and Sherri Nischbach and their Realtor Joe Rider.
The asking price of a home is $345,900.00 the buyer offers $345,901.00 - the one dollar over asking price is the Nischbuck.
by Tex Rider April 09, 2012
Free Daily Email

Type your email address below to get our free Urban Word of the Day every morning!

Emails are sent from daily@urbandictionary.com. We'll never spam you.

×