leaseback

[lees-bak]

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.

leaseback

/ ˈliːsˌbæk /

noun

1. a property transaction in which the buyer leases the property to the seller

Word History and Origins

Origin of leaseback¹

First recorded in 1945–50; noun use of verb phrase lease back

Example Sentences

The complex-refining company is expected to conduct an asset lease and leaseback plan for subsidiary TOP SPP after unveiling a similar strategy in September.

Read more on The Wall Street Journal

Assuming such a deal involves the sale or lease and leaseback of a 49% stake of TOP SPP at 20X price-to-earnings, the brokerage estimates potential cash raised of THB15 billion.

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Options being explored include sale and leaseback of the building or selling part or all of the campus.

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Lawrence says the sale and leaseback deal was "absolutely the right thing to do" and that price cuts also helped to bring customers back.

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A U.S. official and a congressional aide told Reuters that the Department of Defense told members of Congress at a briefing on Wednesday that it intends to send its two Iron Dome missile defense systems back to Israel as part of a leaseback deal, having experimented with the systems for several years.

Read more on Reuters