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

Early plans Chemical Bank announced its new Detroit headquarters in July 2018 and initially planned to own the new building itself, with an eye to a possible sale-leaseback transaction after 10 years for about $154 million. Jc Reindl, Detroit Free Press, "Chemical Bank chairman's grown kids get development, landlord deal," 6 July 2019 Other terms of the deal include VICI being given right of first refusals for whole asset sale or sale-leaseback transactions on two Las Vegas Strip properties and the Horseshoe Casino Baltimore. Washington Post, "High rollers: Eldorado buys Caesars in deal valued at $17B," 24 June 2019 In other terms of the deal, VICI gets right of first refusals for whole asset sale or sale-leaseback transactions on two Las Vegas Strip properties and the Horseshoe Casino Baltimore. CBS News, "Eldorado Resorts buying Caesars in $17 billion casino merger," 24 June 2019 Other terms of the deal include VICI being given right of first refusals for whole asset sale or sale-leaseback transactions on two Las Vegas Strip properties and the Horseshoe Casino Baltimore. Regina Garcia Cano, baltimoresun.com, "Horseshore Casino Baltimore's parent company acquired by Eldorado Resorts," 24 June 2019 The sale/leaseback of the city’s Public Safety Building occurred when the council met last week, while the measures coming up next week would authorize bond sales of $120 million, backed by U.S. Steel monies to the city. Gregory Tejeda, Post-Tribune, "Advisers: Deals could be difference between solvency and debt for Gary," 13 June 2019 Mesirow has purchased properties in sale-leaseback deals from Verizon Communications Inc. and Unilever USA. Keiko Morris, WSJ, "WarnerMedia Puts Its Stake in New HQ Building Up for Sale, Before It Moves In," 8 Jan. 2019 Nothing in the Windstream Services bond documents forbids Windstream Holdings, the parent company, from entering into a sale-leaseback deal with Uniti, the company says. Soma Biswas, WSJ, "Hedge Funds Set to Face Off Over Debt-Ridden Windstream," 22 July 2018 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

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

14 Jul 2019

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Time Traveler for leaseback

The first known use of leaseback was in 1947

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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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