lease·back

[lees-bak]
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:
1945–50; noun use of verb phrase lease back

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Based on the Random House Dictionary, © Random House, Inc. 2013.
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World English Dictionary
leaseback (ˈliːsˌbæk) [Click for IPA pronunciation guide]
 
n
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
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Leaseback is always a great word to know.
So is slumgullion. Does it mean:
a screen or mat covered with a dark material for shielding a camera lens from excess light or glare.
a stew of meat, vegetables, potatoes, etc.
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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