leaseback(redirected from sale-and-leaseback)
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A transaction whereby land is sold and subsequently rented by the seller from the purchaser who is the new owner.
West's Encyclopedia of American Law, edition 2. Copyright 2008 The Gale Group, Inc. All rights reserved.
leasebacka property transaction in which the buyer leases the property to the seller.
Collins Dictionary of Law © W.J. Stewart, 2006