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sale and leaseback

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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; n. use of v. phrase lease back
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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lease·back   (lēs'bāk')   
n.  A business arrangement whereby property is simultaneously sold and leased back to the seller for usually long-term continued use. Also called sale and leaseback, sale-leaseback.
sale and leaseback  
n.   pl. sales and leasebacks
See leaseback.
The American Heritage® Dictionary of the English Language, Fourth Edition
Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Financial Dictionary

leaseback

See sale and leaseback.


sale and leaseback

The sale of a fixed asset that is then leased by the former owner from the new owner. A sale and leaseback permits a firm to withdraw its equity in an asset without giving up use of the asset. Also called leaseback.

Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
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Legal Dictionary

Main Entry: lease·back
Pronunciation: 'lEs-"bak
Function: noun
: the sale of property with the understanding that the seller can lease it back from the new owner —often used in the phrase sale and leaseback
Merriam-Webster's Dictionary of Law, © 1996 Merriam-Webster, Inc.
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