From Longman Dictionary of Contemporary Englishleasebacklease‧back /ˈliːsbæk/ noun [countable, uncountable] technicalBF an arrangement in which you sell or give something to someone, but continue to use it by paying them rent
Examples from the Corpus
leaseback• Examples might include sale and leaseback agreements, where an asset is sold and immediately leased back from the purchasers.• They say the trend is towards outright purchase now rather than leaseback.From Longman Business Dictionaryleasebacklease‧back /ˈliːsbæk/ noun [countable, uncountable]FINANCE an arrangement in which you continue to use a building, equipment etc that you have just sold to someone, paying them rent for itThe recent sale and partial leaseback of our corporate headquarters complex produced an after-tax gain of $90 million. 