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sale-leaseback
(redirected from Sale and lease-back)

   Also found in: Financial 0.01 sec.
sale-lease·back (sllsbk)
n.
See leaseback.


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The new firm will provide Sharia-compliant sale and lease-back of cars and light commercial vehicles, as well as vehicle leasing and fleet management services, according to a Gulf News report.
The job creation project is being spearheaded by site owners St Modwen, who bought the sprawling car factory complex in early 2002 from then MG Rover bosses Phoenix, originally on a sale and lease-back basis.
Across the group the principal players are banks and building societies and it has been the banks in particular that have been disposing of freehold properties through auctions on the basis of a sale and lease-back arrangement, often on 15-year lease terms.
 
 
 
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