leaseback

noun
lease·​back | \ ˈlēs-ˌbak How to pronounce leaseback (audio) \

Definition of leaseback

: 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 The other $35 million is from the sale and leaseback of its Farmers Branch headquarters. Natalie Walters, Dallas News, "Cheerleading giant Varsity Brands gets $185 million in new capital to power through pandemic," 22 June 2020 EasyJet could raise cash through a sale-and-leaseback transaction of its fleet of Airbus SE A320-family jets, a person familiar with the matter said, who declined to be identified because the plans were confidential. Siddharth Vikram Philip, Bloomberg.com, "EasyJet Founder Threatens to Oust Board Over Airbus Order," 5 May 2020 Altavair, which focuses on the sale and leaseback of new and used commercial aircraft, has completed more than $9 billion in such transactions, its website shows. Julie Johnsson, Bloomberg.com, "Delta to Tap Jets for $1 Billion in Cash Amid Talks for U.S. Aid," 5 May 2020 JPL Ventures South Cherry purchased a 48,500-square-foot industrial property at 915 South Cherry St. in Tomball from American National Carbide Co. in a sale/leaseback transaction. Katherine Feser, Houston Chronicle, "Real estate transactions: Investors complete industrial sale-leaseback deals in SW Houston, Tomball," 13 Mar. 2020 MGM Resorts continues to manage the properties under a leaseback agreement. Hannah Yasharoff, USA TODAY, "MGM Resorts hack: Personal information of more than 10 million hotel guests leaked, reports say," 20 Feb. 2020 The deal includes a leaseback, allowing the club to continue operating for up to one year. Nancy Sarnoff, Houston Chronicle, "Harris County pays $11.5M for Raveneaux Country Club," 30 Jan. 2020 Trulieve has completed two public debt deals, with the second one raising about $61 million in gross proceeds, and has also used sale-leaseback deals to raise additional money at a time when capital markets are closed to many operators. BostonGlobe.com, "Pot reality doesn’t match depressed markets, Trulieve CEO says - The Boston Globe," 4 Dec. 2019 Finally, a 120 million-pound sale and leaseback for Sports Direct’s Shirebook campus has helped to halve net debt, which had been ratcheting up. Washington Post, "How to Make Money Out of Misery," 16 Dec. 2019

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'leaseback.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of leaseback

1947, in the meaning defined above

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Time Traveler for leaseback

Time Traveler

The first known use of leaseback was in 1947

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Statistics for leaseback

Last Updated

7 Jul 2020

Cite this Entry

“Leaseback.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/leaseback. Accessed 3 Aug. 2020.

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More Definitions for leaseback

leaseback

noun
lease·​back | \ ˈlēs-ˌbak How to pronounce leaseback (audio) \

Legal Definition of leaseback

: 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

More from Merriam-Webster on leaseback

Rhyming Dictionary: Words that rhyme with leaseback

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