[ lees-bak ]
/ ˈlisˌbæk /
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.
CAN YOU ACE THIS QUIZ ABOUT “COMPLIMENT” VS. “COMPLEMENT”?
Take this quiz to see if you really know the difference between “compliment” and “complement"!
Question 1 of 11
“Compliment” and “complement” had a shared meaning a long time ago, but today they are no longer interchangeable.
Also called sale and leaseback, sale-leaseback.
Origin of leaseback
First recorded in 1945–50; noun use of verb phrase lease back
Words nearby leaseback
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2020
British Dictionary definitions for leaseback
/ (ˈliːsˌbæk) /
a property transaction in which the buyer leases the property to the seller
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