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Sale and lease-back

An increasingly common commercial phenomenon whereby a company, or other business organization, which needs the cash tied up in its land and buildings to fund everyday activities makes a contract with a property investor, usually an insurance company, to sell the relevant land and buildings thereon to that investor on and buildings thereon to that investor on document leasing the same property back to the business for an agreed term. Sale and lease-back agreements feature prominently in such nefarious activities as asset stripping.

Reference: The Penguin Business Dictionary , 3rd edt.