leaseback

noun
lease·back | \ˈlēs-ˌbak \

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 involvement of the redevelopment authority, formerly known as the port authority, could mean tax-exempt financing and leaseback options that would shield stadium developers from tax payments and other liabilities. Randy Tucker, Cincinnati.com, "FC Cincinnati stadium in Oakley and how to finance it on agency's agenda as deadline looms," 27 Mar. 2018 The sale/leaseback auctions are the latest maneuver by Sears Holdings Corp. to stay financially afloat. Jc Reindl, Detroit Free Press, "Sears store at Twelves Oaks Mall to be sold at auction, remain open," 12 Apr. 2018 Skylight Music Theatre has sold its performing home in Milwaukee's Historic Third Ward, the Broadway Theatre Center, in a $3.5 million leaseback deal to local developer Robert Joseph. Jim Higgins, Milwaukee Journal Sentinel, "Skylight sells Broadway Theatre Center in $3.5 million leaseback deal," 21 Feb. 2018 Goldman’s £1 Billion Building | Goldman Sachs Group Inc. is considering a sale-and-leaseback of its new European headquarters in London, Jack Sidders reports. Emma Ross-thomas, Bloomberg.com, "Brexit Bulletin: Ignore and Enrage," 27 Feb. 2018 The sale and leaseback gets Skylight out of the building management business and allows it to concentrate on producing music theater, Lueder said. Jim Higgins, Milwaukee Journal Sentinel, "Skylight sells Broadway Theatre Center in $3.5 million leaseback deal," 21 Feb. 2018 Keep this in mind: The club has talked about the port authority owning the new stadium in what's called a sale-and-leaseback. Jason Williams, Cincinnati.com, "PX: Amid myriad problems, streetcar official receives $22,000 raise, promotion," 16 Feb. 2018 The company said the sale-leaseback involves its Herberger's store in the Rosedale Center in the Minneapolis suburb of Roseville. Paul Gores, Milwaukee Journal Sentinel, "Bon-Ton selling Minnesota mall property amid financial struggles," 14 Sep. 2017 NAMCO rebuilt, and in 2007, Manchester Realty LLC bought the property for $10.3 million as part of a sale-leaseback agreement. Jesse Leavenworth, Courant Community, "Former NAMCO Building In Manchester Sold For $6.2 Million," 24 July 2017

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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Last Updated

6 Oct 2018

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The first known use of leaseback was in 1947

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More Definitions for leaseback

leaseback

noun
lease·back | \ˈlēs-ˌbak \

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

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