sale and leaseback

noun

  • Business (Corporate) Law/Company Law
  • Property Law
  • Banking and Finance

Definitions of sale and leaseback

  • a financial transaction in which a person sells an asset (eg a car, an improved property etc) and leases it back for a long term and so can continue to use it

    The bank hopes to raise £3.8m from the sale of the three branches, while its annual leaseback costs will be around £244,000.

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Phrase Bank for sale and leaseback