sale and leaseback　

sale and leaseback　售后返回租赁　

An 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 just leaseback.See also sale and buyback.