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
Recent Word Finds
Word of the Day
8 November 2024
REPLACEMENT
(noun) the act of furnishing an equivalent person or thing in the place of another; “replacing the star will not be easy”
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