lapse back (0 synonym found)

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lash back  ·  lease back

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Definition of lapse back:

(n) : 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 lapse back:

(n) : 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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