SpellRight › Spelling
Rareleaseback
The correct spelling is leaseback.
How to pronounce leaseback
noun
Say it like: Lee-seb-ak
The correct spelling is leaseback. A property transaction where a party sells something, then leases it from the purchaser. The seller is released from tax, depreciation, and maintenance costs, and the buyer is g…
Usage Examples
No usage examples in context are available for this word.
Definition
noun
- 1.A property transaction where a party sells something, then leases it from the purchaser. The seller is released from tax, depreciation, and maintenance costs, and the buyer is guaranteed an income from the property.https//web.archive.org/web/20070827183530/http://www.bartleby.com/61/15/L0091500.html
Similar words
Words related in meaning — check their spelling too.