lease-back
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lease-back definition
lease·-back (lēs′bak′)
noun
an arrangement by which a company sells a property and simultaneously obtains a long-term lease from the buyer for continued use of the deeded property
also called sale and lease-back
Webster's New World College Dictionary Copyright © 2005 by Wiley Publishing, Inc., Cleveland, Ohio.
Used by arrangement with John Wiley & Sons, Inc.
lease-back Usage Examples
Modifies a noun
- arrangement: Porterbrook was also the first ROSCO to add freight equipment to its portfolio through a sale and lease-back arrangement with Freightliner in May 1996.
The word usage examples above have been gathered from various sources to reflect current and historical usage. They do not represent the opinions of YourDictionary.com.
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MLA Style
"lease-back." Webster's New World College Dictionary. 2009
- Your Dictionary. 5 July 2009
- <www.yourdictionary.com/lease-back>
APA Style
lease-back. (2009). In Webster's New World College Dictionary
- Retrieved July 5th, 2009, from www.yourdictionary.com/lease-back
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