leaseback
English edit
Alternative forms edit
Etymology edit
Noun edit
leaseback (countable and uncountable, plural leasebacks)
- (finance) 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.
- 2019 November 6, “Fleet news”, in Rail, page 30:
- The operator has since sold ten locomotives […] which were subsequently sold on to GB Railfreight (which then sold them to Beacon Rail on a leaseback deal), as well as four to GBRf outright […] .
Synonyms edit
- (finance): sale and leaseback, sale-leaseback