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leaseback

[lees-bak]
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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.
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Origin of leaseback

First recorded in 1945–50; noun use of verb phrase lease back
Also called sale and leaseback, sale-leaseback.
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018

British Dictionary definitions for leaseback

leaseback

noun
  1. a property transaction in which the buyer leases the property to the seller
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Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012