The New York Stock Exchange started out as a coffee house.
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
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Word of the Day
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INVASION
(noun) (pathology) the spread of pathogenic microorganisms or malignant cells to new sites in the body; “the tumor’s invasion of surrounding structures”
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