leaseback

noun

lease·​back ˈlēs-ˌbak How to pronounce leaseback (audio)
: the sale of property with the understanding that the seller can lease it from the new owner

Examples of leaseback in a Sentence

Recent Examples on the Web
These examples are automatically compiled from online sources to illustrate current usage. Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.
However, aviation leasebacks where the investing and selling companies are managed by the same person, as happened with Rush in the Titan transaction, don’t happen, says Aboulafia. Mark Harris, WIRED, 25 Oct. 2024 According to a source close to the deal, the sellers agreed to the lowball offer because of the terms: a very short two-week escrow, all cash and with no contingencies, plus a free two-month leaseback term for them. James McClain, Robb Report, 11 Dec. 2023 In a sale leaseback transaction, a company sells a property like a store or a factory and immediately rents it back from the buyer. Luis Garcia, WSJ, 24 July 2023 This is the third such leaseback arrangement brokered by the developer, which specializes in luxury custom homes that are designed, constructed and furnished from land purchase to final sale by an in-house team of specialist architects, builders and interior designers. Lucy Alexander, Robb Report, 21 May 2021 See all Example Sentences for leaseback 

Word History

First Known Use

1947, in the meaning defined above

Time Traveler
The first known use of leaseback was in 1947

Dictionary Entries Near leaseback

Cite this Entry

“Leaseback.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/leaseback. Accessed 5 Nov. 2024.

Legal Definition

leaseback

noun
lease·​back ˈlēs-ˌbak How to pronounce leaseback (audio)
: the sale of property with the understanding that the seller can lease it back from the new owner
often used in the phrase sale and leaseback
Last Updated: - Updated example sentences
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