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gift-leaseback
gift-lease·back (plural gift-lease·backs)


noun 
Definition:
 
leasing property from a family member: an arrangement in which an asset is given to a family member and then leased back as a means of tax avoidance
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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