leaseback

/ˈliːsbæk/ noun [U] (also sale and leaseback) PROPERTY, LAW

Definition

› 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 noun from the Cambridge Business English Dictionary © Cambridge University Press)