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

leaseback

noun
leaseback pronunciation English ˈliːsbæk leaseback pronunciation American 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