Noun
leaseback (countable and uncountable, plural leasebacks)
(finance) 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.
To survive the impact of the pandemic, it has raised more than 900 million pounds from the sale and leaseback of aircraft, taken a 600 million pound loan from the government, cut 4,500 jobs and tapped shareholders for 419 million pounds. Source: Internet
Telstra is taking advantage of the demand with the sale and leaseback of a portfolio which covers properties in Melbourne, Hong Kong, the United Kingdom and Singapore. Source: Internet