leaseback
noun/ˈliːsbæk/
/ˈliːsbæk/
[uncountable] (law)- 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
Want to learn more?
Find out which words work together and produce more natural sounding English with the Oxford Collocations Dictionary app.
Check pronunciation:
leaseback