leaseback
[ lees-bak ]
/ ˈlisˌbæk /
noun
the disposal of a building, land, or other property to a buyer under special arrangements for simultaneously leasing it on a long-term basis to the original seller, usually with an option to renew the lease.
Also called
sale and leaseback,
sale-leaseback.
Origin of leaseback
First recorded in 1945–50; noun use of verb phrase
lease back
Words nearby leaseback
learnt,
leary,
lease,
lease rod,
lease-purchase,
leaseback,
leasehold,
leaseholder,
leaseman,
leash,
leash law
British Dictionary definitions for leaseback
leaseback
/ (ˈliːsˌbæk) /
noun
a property transaction in which the buyer leases the property to the seller