lease-back Hear it!

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

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.