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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
“Collins English Dictionary — Complete & Unabridged” 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012


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Word History and Origins

Origin of leaseback1

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

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