Definition of leaseback noun from the Oxford Advanced Learner's Dictionary



BrE BrE//ˈliːsbæk//
; NAmE NAmE//ˈliːsbæk//
[uncountable] (law) Legal documents
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the process of allowing the former owner of a property to continue to use it if they pay rent to the new owner; a legal agreement where this happens a leaseback arrangement See related entries: Legal documents
See the Oxford Advanced American Dictionary entry: leaseback