sale and leaseback(redirected from sales and leasebacks)
Also found in: Dictionary, Financial.
Related to sales and leasebacks: Sale and Leaseback Agreement
sale and leasebacka transaction whereby a business (whether incorporated or not) sells a property (often its factory or offices) to raise capital and then leases it back at a rent from the purchaser.
Collins Dictionary of Law © W.J. Stewart, 2006