sale and lease-back

Variant of lease-back

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.

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