leaseback

[ lees-bak ]

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.

leaseback

/ ˈliːsˌbæk /

noun

1. a property transaction in which the buyer leases the property to the seller

Word History and Origins

Origin of leaseback¹

First recorded in 1945–50; noun use of verb phrase lease back

Example Sentences

Lawrence says the sale and leaseback deal was "absolutely the right thing to do" and that price cuts also helped to bring customers back.

From BBC

A U.S. official and a congressional aide told Reuters that the Department of Defense told members of Congress at a briefing on Wednesday that it intends to send its two Iron Dome missile defense systems back to Israel as part of a leaseback deal, having experimented with the systems for several years.

From Reuters

A U.S. official and a congressional aide told Reuters that the Department of Defense told members of Congress at a briefing on Wednesday that it intends to send its two Iron Dome missile defense systems back to Israel as part of a leaseback deal, having experimented with the systems for several years.

From Reuters

Leasing firm Avolon, the company added, signed a sale and leaseback agreement with Canada's Porter Airlines, already an Embraer customer, for 10 new E195-E2, which are set to support Porter's North American expansion.

From Reuters

The deal will be funded by 450 million pounds of equity from Asda's shareholders, who include its former owner, U.S. retail giant Walmart, 770 million pounds of term loan debt and around 1.1 billion pounds from property-related transactions, including sale and leaseback of some of its stores.

From Reuters