Word: sale-leaseback
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...explaining the sale to Harvard, TACspokesman Kitty Gormley also said that the"sale-leaseback of the building to a responsiblebuyer offered substantial financial advantages toTAC...
...mercy of tax advisers. His chief consultant, Irving Spaatz (Jules Munshin), is a legal weasel of wizardry inventiveness. Munshin plays the role in droll fashion and is astonishingly agile at working his way through a verbal tax maze of inflated gibberish that includes explanations of convertible debentures, spinoffs, and sale-leaseback arrangements...
Three Generations. Norman Tishman took over as president after World War II (the company now has nine Tishmans ranging through three generations), devised a better way to finance his buildings. Irked by the necessity of tying up millions of dollars of company capital in buildings, he worked out a sale-leaseback plan. Under this system, Tishman sells a new building outright to a corporation (usually an insurance firm), leases it back at about 7% a year and operates it. The company can not only use its capital for other projects, but also gets a tax break. Its lease payments...