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Sale
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sale and leaseback
sale and lease·back
noun
Definition:
sale of asset followed by rental:
the sale of an asset that the vendor rents back from the buyer immediately after the sale, thereby raising cash and allowing a tax deduction
Encarta® World English Dictionary [North American Edition] © & (P)2009 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc.
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