What is a sale and leaseback?

Answer:
A leasing package wherein the lessee sells presently-owned equipment to the lessor to convert fixed asset into cash with the lessor allowing the lessee to retain the full use of the property for a fee over a specified period of time.
First answer by Muffieshannen. Last edit by Muffieshannen. Contributor trust: 3 [recommend contributor recommended]. Question popularity: 1 [recommend question].