lazy jack ( synonym found)

Definition of lazy jack:

°A property transaction where a party sells something, then leases it from the purchaser. The seller is released from tax, depreciation, and maintenance costs, and the buyer is guaranteed an income from the property. Also called sale and leaseback, sale-leaseback. Also spelled lease-back.

Definition of lazy jack:

°A property transaction where a party sells something, then leases it from the purchaser. The seller is released from tax, depreciation, and maintenance costs, and the buyer is guaranteed an income from the property. Also called sale and leaseback, sale-leaseback. Also spelled lease-back.

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