an arrangement by which an owner sells a property and simultaneously obtains a lease for its continued use
also called sale and lease-back
lease-back
lease·-backWebster's New World College Dictionary, Fifth Edition Copyright © 2014 by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
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"lease-back." YourDictionary, n.d. Web. 06 December 2018. <https://www.yourdictionary.com/lease-back>.
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lease-back. (n.d.). Retrieved December 06th, 2018, from https://www.yourdictionary.com/lease-back
Noun
(plural leasebacks)
- (finance) A property transaction where a party sells something, then leases it from the purchaser. The seller is released from tax, depreciation, and maintenance costs, and the buyer is guaranteed an income from the property.
English Wiktionary. Available under CC-BY-SA license.
Link to this page
Cite this page
MLA Style
"lease-back." YourDictionary, n.d. Web. 06 December 2018. <https://www.yourdictionary.com/lease-back>.
APA Style
lease-back. (n.d.). Retrieved December 06th, 2018, from https://www.yourdictionary.com/lease-back
