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Dictionary


lease•back



Pronunciation: (lēs'bak"), [key]
n.
the disposal of a building, land, or other property to a buyer under special arrangements for simultaneously leasing it on a long-term basis to the original seller, usually with an option to renew the lease. Also called sale and leaseback, sale-leaseback.

Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.

leaseleasehold

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