Backups permit purchasers to cancel or renegotiate based on assessment, funding, or evaluation results.

https://www.scribd.com/document/978831207/Guide-to-Realty-Closing-Costs-in-New-York-for-Financial-Investment-Properties-188632

Backups permit purchasers to terminate or renegotiate based on inspection, funding, or appraisal end results.