LEASEBACK

leaseback,n. The sale of property on the understanding, or with the express option, that the seller may lease the property from the buyer immediately upon the sale. — Also termed sale and leaseback. [Cases: Landlord and Tenant  20. C.J.S. Landlord and Tenant §§ 27, 202(1, 2, 3, 4, 5, 9, 10), 203.]

[Blacks Law 8th]