leaseback(redirected from sale-and-leaseback)
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A business arrangement whereby property is simultaneously sold and leased back to the seller for usually long-term continued use. Also called sale and leaseback, sale-leaseback.
(Law) a property transaction in which the buyer leases the property to the seller
the sale of property to a buyer who then leases it back to the seller, who often becomes the principal tenant, thus providing substantial tax savings for both.