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