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English definition of “leaseback”

leaseback

noun [U]
 
 
/ˈliːsbæk/ (also sale and leaseback) PROPERTY, LAW
an agreement by which the seller of property or an asset pays rent to the new owner in order to continue using it: a leaseback agreement/arrangement/deal The firm could be looking at a leaseback agreement with a major corporate partner. The Group raised the money partly by a sale and leaseback of some of its existing hotel stock to the Bank of Scotland.
(Definition of leaseback from the Cambridge Business English Dictionary © Cambridge University Press)
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