Sale and leaseback,
Definition of Sale and leaseback:
Off balance sheet financing in which an owner sells an asset or property to a leasing firm and, at the same time, leases it (as a lessee) on a long-term basis to retain exclusive possession and use. Although this arrangement frees capital tied up in a fixed asset, the original owner loses depreciation and tax benefits. Also called leaseback. See also sale and buyback.
Meaning of Sale and leaseback & Sale and leaseback Definition