leaseback
/ˈlisˌbæk/
noun
- An arrangement in which the seller of a property immediately leases it back from the buyer, allowing the seller to continue using the property while the buyer becomes the owner.
- The company sold its office building and signed a leaseback to stay in the same location.
- A leaseback can provide cash for a business while letting it keep operating from its premises.
- The family used a leaseback to sell their home but continue living in it for several years.