leaseback
leaseback · leasebacks
A property transaction where a party sells something, then leases it from the purchaserA property transaction where a party sells something, then leases it from the purchaser. The seller is released from tax, depreciation, and maintenance costs, and the buyer is guaranteed an income from the property.
US/lˈisbˌæk/
Meaning
1 senses(countable, uncountable)A property transaction where a party sells something, then leases it from the purchaser. The seller is released from tax, depreciation, and maintenance costs, and the buyer is guaranteed an income from the property.
Origin
From lease + back.From lease + back.
Wiktionary, CC BY-SA 4.0 · source
Forms
plural: leasebacksSynonyms
2 synonymsLessons for this word
1 lessons- A1Countable and uncountable nouns — Because it can be uncountable