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leaseback

[lees-bak] /ˈlisˌbæk/
noun
1.
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
1945-1950
1945-50; noun use of verb phrase lease back

sale and leaseback

noun
1.
Also called sale-leaseback.
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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British Dictionary definitions for saleleaseback

leaseback

/ˈliːsˌbæk/
noun
1.
a property transaction in which the buyer leases the property to the seller
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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