Definition of "leaseback" []

• A business arrangement whereby property is simultaneously sold and leased back to the seller for usually long-term continued use. Also called sale and leaseback, sale-leaseback. (noun)

American Heritage(R) Dictionary of the English Language, Fifth Edition. Copyright (c) 2011 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

• ""We are continually reviewing opportunities for the disposal of property assets and amid improving market conditions in the retail sector, we now see an opportunity to place a portfolio of quality completed retail sites for tender, on the basis of sale and long term leaseback transaction, '' Mr Kemmler said in a statement."
• "The seller gets a lump sum up front from the 'sale', which can be invested elsewhere, but simultaneously signs a rental agreement - the 'leaseback' - committing to make lease payments to the buyer in return for continued occupancy."
• "Analysis is required to deter - mine if the leaseback is a finance or an operating lease."