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.

1945–50; noun use of verb phrase lease back Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
leaseback (ˈliːsˌbæk)
a property transaction in which the buyer leases the property to the seller

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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Example sentences
It plans some one-off tricks, such as the sale and leaseback of its property portfolio.
Sale-leaseback transactions are still being suggested as an option for elderly homeowners.
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