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leaseback
noun
Definition of
leaseback noun
from the Oxford Advanced Learner's Dictionary
leaseback
noun
ˈliːsbæk
ˈliːsbæk
(
US
also
reversion
)
[
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