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English definition of “landbanking”

landbanking

noun [U]     /ˈlændˌbæŋkɪŋ/
FINANCE, PROPERTY a way of making a profit by buying land with the intention of selling it at a much higher price to people who hope they can, for example , build houses on it in the future : The article pointed out the risks involved in investing in landbanking schemes , chiefly the fact that planning permission may not be granted .
(Definition of landbanking noun from the Cambridge Business English Dictionary © Cambridge University Press)
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