sale and leaseback
Definition
Off balance sheet financing' in which an owner sells an asset or property to a leasing firm and, at the same time, leases it (as a lessee) on a long-term basis to retain exclusive possession and use. Although this arrangement frees capital tied up in a fixed asset, the original owner loses depreciation and tax benefits. Also called just leaseback. See also sale and buyback.
sale and leaseback is in the Accounting & Auditing, Banking, Commerce & Finance and Purchasing & Procurement subjects.
sale and leaseback appears in the definitions of the following terms: leaseback, lease, sale and buyback and capital lease
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