LEASEBACK

Leaseback

Leaseback, short for 'sale-and-leaseback,' is a financial transaction, where one sells an asset and leases it back for the long-term; therefore, one continues to be able to use the asset but no longer owns it. The transaction is generally done for fixed assets, notably real estate, as well as for durable and capital goods such as airplanes and trains. Leaseback arrangements are usually employed because they confer financing, accounting or taxation benefits.

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leaseback

Noun

  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.1


The above text is a snippet from Wiktionary: leaseback
and as such is available under the Creative Commons Attribution/Share-Alike License.

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