Leaseback

Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. Leaseback, short for sale-and-leaseback, is a financial transaction, where one sells an asset and leases it back for the long-term; therefore, one continues to be able to use the asset but no longer owns it. The transaction is generally done for fixed assets, notably real estate and planes, and the purposes are varied, including financing, accounting, and taxing. After purchasing an asset, the owner enters a long-term agreement by which the property is leased back to the seller, at an agreed-to rate.