the disposal of a building, land, or other property to a buyer under special arrangements for simultaneously leasing it on a long-term basis to the original seller, usually with an option to renew the lease.
sale and leaseback
a property transaction in which the buyer leases the property to the seller
noun 1. a seaport in NE Massachusetts: founded 1626; execution of persons accused of being witches 1692; home of Nathaniel Hawthorne. 2. a city in and the capital of Oregon, in the NW part, on the Willamette River. 3. a town in SE New Hampshire. 4. a town in SW Virginia, near Roanoke. 5. a […]
noun, U.S. Furniture. 1. a tall cabinet having a recessed upper part fitted with drawers and shelves and a lower part with doors and a section falling or pulling out to serve as a writing surface.
- Salem witch trials
Salem witch trials definition Trials held in Salem, Massachusetts, in 1692 that led to the execution of twenty people for allegedly practicing witchcraft. The trials are noted for the hysterical atmosphere in which they were conducted; many townspeople were widely suspected of witchcraft on flimsy evidence. Note: When people are quick to accuse one another […]
- Sale of work
noun 1. (Brit) a sale of goods and handicrafts made by the members of a club, church congregation, etc, to raise money