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Leaseback

noun

Definitions

Noun
  1. 1
    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. countable, uncountable

    "The operator has since sold ten locomotives […] which were subsequently sold on to GB Railfreight (which then sold them to Beacon Rail on a leaseback deal), as well as four to GBRf outright […]."

Etymology

From lease + back.

See also for "leaseback"

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