LEASEBACK

Etymology

Noun

leaseback (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.

Synonyms

• (finance): sale and leaseback, sale-leaseback

Source: Wiktionary



RESET




Word of the Day

2 April 2025

COVERT

(adjective) secret or hidden; not openly practiced or engaged in or shown or avowed; “covert actions by the CIA”; “covert funding for the rebels”


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Coffee Trivia

Decaffeinated coffee comes from a chemical process that takes out caffeine from the beans. Pharmaceutical and soda companies buy the extracted caffeine.

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