Meaning of “leaseback” in the English Dictionary

business-english dictionary

"leaseback" in Business English

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leasebacknoun [ U ]

/ˈliːsbæk/ uk us 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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